US equities are battling to hold sig’ gains. Meanwhile, WTIC is currently +0.9% in the $70s. The energy sector ETF of XLE is currently net higher for the week by +3.2% at $78.64.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $71.67, helped by the positive main market. Black candle, s/t bearish. M/t bearish to psy’ $50.
XLE: energy stocks are sig’ higher with the main market. S/t vulnerable.
notable stock: OXY
Reflective of the sector.
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Equities: sp’60min
A little cooling… if still sig’ higher.
S/t momentum never did turn positive this morning.
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VIX’60min
A little pop… back into the 21s.
I want the 23/24s before the weekend!
Am I asking too much?