US equities are choppy, if moderately higher. Meanwhile, WTIC is currently +0.4% in the $87s. The energy sector ETF of XLE is currently net lower for the week by -0.9% at $91.18.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $88.15, helped by early upside in equities, and the weaker dollar. The current candle is black, and leans s/t bearish.
XLE: energy stocks have seen a rather powerful downside reversal. S/t vulnerable… but I consider the sector a no-short.
notable stock: OXY
Early gains… fully reversed. S/t vulnerable with the main market.
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Equities: sp’60min
Stuck around 4480.
A red close still seems possible. Regardless… bearish into Wed’