US equities remain in minor chop mode. Meanwhile, WTIC is currently +1.2% in the low $73s. The energy sector ETF of XLE is currently net higher for the week by +3.5% at $91.65.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $73.68, partly helped by the weaker dollar. Next upside resistance is the 200dma in the $74s. Whilst Trump is regularly calling for lower energy prices, I think the reality is a broader commodity climb into the summer.
XLE: energy stocks are sig’ higher. Weekly momentum has turned fractionally positive.
notable stock: OXY
Momo due to turn positive on Wednesday.
I hold. Earnings next Tues’ AH
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notable nuclear stock: SMR
If sp’5900, then maybe 24/23s.
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Equities: sp’60min
It remains… tedious. S/t vulnerable to 5900… unless >6100.