US equities remain choppy. Meanwhile, WTIC is currently +2.0% in the $83s. The energy sector ETF of XLE is currently net higher for the week by +2.3% at $86.97.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $83.34, especially helped by the weaker dollar. S/t bulls should be concerned about two downside gaps, with a major one that extends to the $75s.
XLE: energy stocks are mostly choppy with the main market.
notable stock: OXY
Reflective of the sector. S/t vulnerable.
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Equities: sp’60min
Bears need to see a daily close <4121 for a black candle, or <4108 for outright red. Right now, I remain more focused on the VIX, and I’m wanting to see >19.50.