US equities are broadly lower. Meanwhile, WTIC is currently -0.7% at $59.00. The energy sector ETF of XLE is currently net lower for the week by -2.9% at $89.39.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $58.92, restrained by the downside reversal in the main market. If SPX 6200s or lower… oil to psy’ $50
XLE: energy stocks have seen early sig’ gains eroded with the main market.
notable stock: OXY
Net lower, if fairing better than the sector.
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notable nuclear stock: SMR
Already losing the $20 threshold.
Bearish engulfing candle. I wonder about the April $11s.
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Equities: sp’60min
Ugly… real ugly, a 201pt downside reversal.
New multi-week low. Next support 6550.
Once that fails… its an air pocket to around 6200.