US equities are choppy, if cooling back. Meanwhile, WTIC is currently -2.1% in the mid $69s. The energy sector ETF of XLE is currently net higher for the week by +0.3% at $88.34.
USO daily
XLE weekly
Summary
WTIC/USO: oil has cooled from $71.81 to $69.49. Today’s candle is bearish engulfing from key price threshold, and leans distinctly bearish into Tuesday.
XLE: energy stocks are battling to hold minor gains. A series of lower highs and lower lows since April… not so bullish.
notable stock: OXY
Fairing a little better than the sector.
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notable stock: XOM
Exxon is broadly higher, as last Friday’s spiky hollow red reversal candle played out. Today’s candle is rather spiky on the upper side, as the gains are eroding.
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Equities: sp’60min
A little cooling wave, as most indexes are prone to turning negative… if fractionally.