US equity indexes are somewhat mixed. Meanwhile, WTIC is currently +0.3% in the mid $69s The energy sector ETF of XLE is currently net higher for the week by +0.9% at $95.55.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $69.74… partly geo-pol tensions. Cyclically low, as the setup favours the bulls.
XLE: energy stocks are moderately lower.
notable stock: OXY
Lower with the sector… if still holding above the spike floor $48s
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notable stock: XOM
A recent new hist’ high, but since April… its been a whole lot of chop.
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Equities: sp’60min
Structure of a bear flag (pink) remains valid.
In theory, we should break new lows tomorrow, and into Thurs’.