US equities remain moderately lower. Meanwhile, WTIC is currently -2.3% in the $77s. The energy sector ETF of XLE is currently net lower for the week by -2.4% at $85.11.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $76.97, not helped by the weak main market. Daily momentum has turned negative. The big gap to the $75s has already largely been filled. Secondary support 73/72s.
XLE: energy stocks are very significantly lower. The sector is to be seen as m/t bearish unless April settles <82.00.
notable stock: OXY
Fairing better than the sector. Berkshire quietly buying more today?
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notable stock: MRO
Lower with the sector, with momentum turning negative. April gap filled.
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Equities: sp’60min
Chop chop… if still leaning weak.
It would be sure be useful to the bearish case if we close at/near the lows.