US equities remain a little choppy. Meanwhile, WTIC is currently -1.1% in the $72s. The energy sector ETF of XLE is currently net higher for the week by +1.7% at $85.30.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $74.00 overnight/early, but has seen a rather powerful downside reversal to $71.06, for no particular reason.
XLE: energy stocks opened broadly higher, but were dragged back lower by oil. I lean s/t bullish, with weekly momentum prone to turning positive by end month.
notable stock: OXY
Much like the sector, early gains, but a full downside reversal.
Berkshire to buy more, right?
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notable stock: DVN
Still yet to clear the 200dma. The cautious can chase above.
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Equities: sp’60min
A little cooling wave… back to broadly flat.
No real downside power, as the setup favours the bulls for Friday.