US equities are choppy, if slowly recovering. Meanwhile, WTIC is currently -1.9% in the $70s. The energy sector ETF of XLE is currently net lower for the week by -2.6% at $78.09.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $69.76, if recovering to the $70s. I’d note Friday’s failure from key price threshold. S/t vulnerable with the main market.
XLE: energy stocks are very significantly lower, not helped by the main market, and oil $69s. Vulnerable into early July.
notable stock: OXY
An eighth consecutive daily decline… not helped with oil $69s.
I’d expect Berkshire to be quietly buying a number of times this summer.
–
Equities: sp’60min
Provisional low from 4367… ahead of the Powell.
Basic target of the opening gap.