US equities remain in bounce mode. Meanwhile, WTIC is currently +2.2% in the upper $67s. The energy sector ETF of XLE is currently net lower for the week by -1.9% at $84.38.
USO daily
XLE weekly
Summary
WTIC/USO: oil swung from $65.63 to $67.58… helped by the late morning equity bounce. The main market will be a problem ahead of the election. The obvious wild card is the middle east.
XLE: energy stocks are very significantly lower, if recovering upward.
notable stock: OXY
The 7th day lower of 8, breaking a new multi-year low.
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notable stock: XOM
Giant Exxon is testing the 200dma.
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Equities: sp’60min
Well, the bounce is stronger than expected, but in terms of time, the bulls might have until 2.30pm.