US equities are choppy, if broadly higher. Meanwhile, WTIC is currently +0.6% in the $75s. The energy sector ETF of XLE is currently net higher for the week by +3.7% at $83.76.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $76.15, helped by the positive main market, but also the sig’ weaker dollar. Today’s candle is black, and leans s/t bearish, if only for part of Friday. Eventual price action >$78.00 would be decisive, and offer a grander run to psy’$100.
XLE: energy stocks are higher with the main market and oil. The sector turns m/t bullish >$84.50 (to be decisive). Oil >$78s would help!
notable stock: OXY
Reflective of the sector. The current candle is black… and leans s/t bearish, if only part of Friday.
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Equities: sp’60min
Chop chop… as we’re set to close higher to some degree.