US equities remain in minor chop mode. Meanwhile, WTIC is currently +2.2% in the $73s. The energy sector ETF of XLE is currently net higher for the week by +0.4% at $80.52.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $73.69, which is even more impressive, after you consider it was in the $63s last week. The current black candle leans s/t bearish. S/t vulnerable with the main market, from Tuesday onward.
XLE: energy stocks are higher, but below the early highs. S/t vulnerable with oil and the main market.
notable stock: OXY
Occidental is lower after Berkshire deny they want to buy all of it.
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notable stock: EOG
Recent earnings were fine. The stock is s/t overbought.
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Equities: sp’60min
… as the minor chop continues. Bulls could do with positive Asian/EU markets, to setup a positive Tuesday open to the 4160s.