1pm update – oil and energy

US equities remain choppy. Meanwhile, WTIC is currently +0.1% in the $96s. The energy sector ETF of XLE is currently net higher for the week by  +1.8% at $57.61.

USO 60min

XLE weekly

Summary

WTIC/USO: a high of $98.09, a low of $92.04, and currently $96s.

*I see little reason to be long oil across the weekend.

XLE: energy stocks are broadly flat. With a new hist’ high… its been a net bullish week.

notable stock: XOM

Set for a third consecutive net daily gain.

notable nuclear stock: SMR

Struggling with the main market.

Equities: sp’15min

I do like my 5 wave count, for some confidence, I’d like to see a Friday close >6690… which is realistic.

time to catch a sunset