US equities are choppy, if leaning upward. Meanwhile, WTIC is currently -0.2% in the low $82s. The energy sector ETF of XLE is currently net higher for the week by +0.6% at $95.54.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $80.70, if rebounding to the $82s. USO appears due to settle with a hollow red reversal candle… or outright positive. Daily momentum due to offer a cyclical floor/turn.
XLE: energy stocks are battling to build moderate gains with the main market.
notable stock: SLB
BofA, 63>62, JPM, 65>64, Citi, 70>65, Cowen, 64>63
What is with them all giving fractional downgrades on the same day? Who exactly is giving them ‘permission’, the SEC?
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notable stock: OXY
Raymond James, 68>83, Susquehanna, 70>81
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Equities: sp’60min
Choppy, if having rebuilt moderate gains.
On balance, upside to 5040/50s early Tuesday.