US equities are recovering upward. Meanwhile, WTIC is currently +1.1% in the $73s. The energy sector ETF of XLE is currently net lower for the week by -2cents at $83.50.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $71.41, pressured by the weak main market and the stronger dollar, if recovering to $73.11. More broadly… its multi-week chop. Bullish >78, bearish <67. I still lean to the former.
XLE: energy stocks lower with the main market and oil. Weekly momentum might still turn positive next week.
notable stock: SLB
Reversal candle, and prone to settling net higher. I comfortably hold.
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notable stock: PSX
Barclays, equalweight, 132>139
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Equities: sp’60min
Continuing to recover upward. Bears could argue we’re setting up a bear flag, but confidence is low, as we printed a new hist’ high just last Friday.