US equities have seen a significant downside reversal. Meanwhile, WTIC is currently -2.5% in the low $59s. The energy sector ETF of XLE is currently net lower for the week by -2.4% at $89.85.
USO daily
XLE weekly
Summary
WTIC/USO: oil has cooled from $60.70 to $58.66, not helped by faded equity gains, and the moderately stronger dollar. If SPX 6200s… oil psy’ $50
XLE: energy stocks are very significantly lower.
notable stock: OXY
Leading the sector lower.
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notable nuclear stock: SMR
Early gains… full downside reversal.
If SPX 6200s… then the April $11s ?
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Equities: sp’60min
New intraday low of 6603. Upper bollinger will soon be around 6700, and act as another wall of resistance.