1pm update – oil and energy

US equities are clawing upward. Meanwhile, WTIC is currently +0.4% in the upper $65s. The energy sector ETF of XLE is currently net higher for the week by +2.4% at $85.42.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $66.28… as its holding above resistance of the $65s. S/t bullish to psy’ $70.

XLE: energy stocks are very significantly higher, mostly due to oil. S/t bullish, with weekly momentum having today turned positive.

notable stock: OXY

A third day higher. Set for the 200dma in green gap.

notable nuclear stock: SMR

New hist’ high, but swinging back lower.

Equities: sp’60min

Yet another new cycle high.