US equities remain broadly higher. Meanwhile, WTIC is currently -1.4% in the $112s. The energy sector ETF of XLE is currently net higher for the week by +5.5% at $77.24.
USO 60min
XLE weekly
Summary
WTIC/USO: oil printed $116.64, but has cooled to the $111s. On the s/t time frame… its gaps galore, as oil is swinging around. Still m/t bullish, as the recent $130s should be cleared, and onward to challenge the 2008 $147s.
XLE: energy stocks are very mixed. A fair number of stocks are sig’ lower, as they are just s/t exhausted.
notable stock: OXY
Yesterday’s black candle played out, as momentum has turned negative. S/t vulnerable, but grander upside target remain the $76s.
notable stock: RIG
Much like OXY… as Wednesday’s black candle played out.
Pareto Securities sell>hold, $5.
Having printed the $5s, I’m inclined to see the 2018 $14s.
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Equities: sp’60min
We’ve stalled from teal gap, as hourly momentum remains negative. Bears should be looking for a close under the open of 4469.
Time to catch a little sun…