1pm update – oil and energy

US equities remain mixed. Meanwhile, WTIC is currently -0.3% in the mid $70s. The energy sector ETF of XLE is currently net lower for the week by  -2.7% at $90.29.

USO daily

XLE weekly

Summary

WTIC/USO: oil is churning the mid $70s. It remains just a matter of whether Israel will launch an attack on Iran before… or AFTER the election. I have to assume they’ll want to hit at least a few energy installations.

XLE: energy stocks are broadly flat with oil. Weekly momentum remains fractionally positive.

notable stock: OXY

Reflective of the sector.
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notable stock: XOM

Yesterday’s black candle played out.
The current candle is bearish engulfing.
Three day structure is a bear flag.
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Equities: sp’60min

S/t momentum is marginally positive.
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An early post, but I’ve still not had lunch… I should go out now… and try to catch at least a few minutes of sunshine.