US equities have seen a mini break lower, as s/t momentum turned negative. Meanwhile, WTIC is currently +0.6% in the low $81s. The energy sector ETF of XLE is currently net higher for the week by +2.8% at $90.53.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $81.52. Next soft resistance 83/85s. Israel/Lebanon appears set to escalate, and threatens oil (and gold/silver) to hyper spike.
XLE: energy stocks are battling to build very significant gains. Bullish into July.
notable stock: OXY
Reflective of the sector.
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notable stock: XOM
Reflective of the sector. Momentum to turn positive on Friday.
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Equities: sp’60min
S/t momentum has turned negative… hence the break lower.
A quad-opex pin around 5450… rather than 5400 or 5500.