US equities remain significantly higher. Meanwhile, WTIC is currently +1.9% in the $73s. The energy sector ETF of XLE is currently net higher for the week by +3.6% in the $50.50s.
USO daily
XLE weekly
Summary
WTIC/USO: oil has printed $73.50, helped with a positive main market, and a weaker dollar. Set for a FIFTH consecutive net weekly gain. The key $77 threshold isn’t far away.
XLE: we’ve a VERY decisive bullish engulfing weekly candle, and its bodes well into October.
*I hold long OXY SLB MRO RIG… with no intention to lighten up until 10% higher.
notable stock: OXY
Powering upward. I hold for the 31/32s.
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Equities: sp’60min
Price action remains strong. If we can just hold >4432, we’re set for a very bullish engulfing weekly candle.