US equities are choppy, still mostly leaning on the weaker side. Meanwhile, WTIC is currently +0.3% in the $75s. The energy sector ETF of XLE is currently net higher for the week by +1.7% at $55.82.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $77.37 on a favourable inventory report, and further helped by the weaker dollar. However, oil has cooled back to the $75s, and will be s/t vulnerable with the main market.
XLE: energy stocks choppy, and s/t vulnerable with the main market.
notable stock: OXY
Occidental reflective of the sector. S/t vulnerable. I ain’t selling anything until at least the $31s.
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Equities: sp’60min
S/t momentum is on the low side… and that is a problem to the bears. I’m still inclined to see Thursday as threatening a sig’ drop.