US equities are a little choppy… for what is a holding pattern ahead of the Fed. Meanwhile, WTIC is currently +0.3% in the $69s. The energy sector ETF of XLE is currently net lower for the week by -1.4% at $80.19.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $70.49, helped the weaker dollar, and some main market upside. The current candle is black, s/t vulnerable, not least if the dollar sees an upside reversal on Powell talk.
XLE: energy stocks opened broadly higher, but are currently sig’ lower.
notable stock: OXY
Reflective of the sector… daily momentum due to turn negative.
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Equities: sp’60min
S/t momentum continues to weaken, due to turn negative late afternoon/early Thurs’. Back… just before 2pm.