US equities are choppy, if still leaning upward. Meanwhile, WTIC is currently -3.9% in the $67s. The energy sector ETF of XLE is currently net lower for the week by -1.3% at $80.29.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $66.80, not helped by the upside reversal in the dollar. Daily momentum has turned negative. Price action is worse relative to the main market.
XLE: energy stocks are struggling with oil. The sector is m/t broken.
notable stock: OXY
Reflective of the sector.
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Equities: sp’60min
Choppy, but still leaning upward. S/t momentum remains fractionally positive. The setup is ‘neutral’ for early Tuesday.