US equities are choppy, if still net lower. Meanwhile, WTIC is currently +0.4% in the low $71s. The energy sector ETF of XLE is currently net higher for the week by +3.6% at $86.89. Gold printed a new hist’ high of $2651.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the low $71s… which is somewhat better relative to the red main market and the fractionally stronger dollar. The wild card shall remain the middle east.
XLE: energy stocks are moderately lower… mostly with the main market.
notable stock: OXY
Fairing worse than the sector. Thursday’s black candle played out.
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notable stock: VLO
Leading the sector lower, with the latest downgrade from Piper Sandler.
As for OXY, Thursday’s black candle played out.
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Equities: sp’60min
As things are, we’re set for a quad-opex pin around 5700, as the bears are tired.
Time to venture out.