US equities are choppy, if broadly lower. Meanwhile, WTIC is currently +0.4% in the upper $70s. The energy sector ETF of XLE is currently net higher for the week by +1.6% at $89.07.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $71.41, if cooling back to the $70s, pressured by the weak main market, and the moderately stronger dollar. If psy’ $70 fails to hold, then $66s.
XLE: energy stocks are moderately higher. Weekly momentum remains fractionally negative.
notable stock: OXY
Struggling to the sector. Cyclically low. I hold for 54/55s
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notable nuclear stock: SMR
The sub-sector of nuke stocks pulled upward by sister LEU
Gains have been cut in half.
I will NOT chase higher.
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Equities: sp’60min
A little bounce from around a key price threshold.
S/t momentum is negative. Natural support around 6K.