US equities remain choppy, if mostly leaning on the positive side. Meanwhile, WTIC is currently +0.3% in the $96s. The energy sector ETF of XLE is currently net higher for the week by +3.0% at $79.41.
USO daily
XLE weekly
Summary
WTIC/USO: oil swung from the $95s to $97s. Set for the fourth net weekly decline of five, by around -2.8%. A brief break above the March $130s still seems probable this summer.
XLE: a very strong end to the week, as this week’s candle leans bullish into Easter week.
notable stock: OXY
Occidental remains the sector leader. Recent weeks of price action have just been bullish consolidation. Big target are the $76s.
notable stock: KMI
A new multi-year high, which is impressive considering oil is under $100.
Or maybe you’d prefer a US Govt’ 10yr bond?
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Equities: sp’60min
S/t momentum is on the high side, as the setup favours the bears to test 4400 before Good Friday.