1pm update – oil and energy

US equities are broadly lower. Meanwhile, WTIC is currently +1.0% in the mid $66s. The energy sector ETF of XLE is currently net higher for the week by +0.1% at $87.53.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $67.17, partly helped by the weaker dollar. The current black candle leans s/t bearish for Wednesday.

XLE: energy stocks are broadly lower. Black candle.

*I still hold OXY and SMR

notable stock: OXY

Reflective of the sector. Momentum prone to turning positive in a few days.

notable nuclear stock: SMR

Buyers piling in on Trump chatter of a ‘energy emergency’.

Equities: sp’60min

Choppy, if broadly lower.
A foray into the 5400s is clearly on track.