US equities remain very significantly lower. Meanwhile, WTIC is currently -1.7% in the $102s. The energy sector ETF of XLE is currently net lower for the week by -3.5% at $77.09.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $101.22, not helped by the main market, or the stronger dollar. Set for a net weekly decline of around -5.0%. Still m/t bullish, as a spike above the March $130s is a high threat, whether on Russia/Ukraine, or China/Taiwan.
XLE: a mixed week… breaking a new multi-year high, but set for a rather powerful net weekly decline. This week’s candle might settle bearish engulfing. Still m/t bullish… above the 10MA.
notable stock: SLB
Earnings were good, and the stock is holding up well to the whacked main market. Big target $54s.
notable stock: KMI
Just cooling back with the main market/sector, as yesterday’s black candle played out. Momentum has turned negative.
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Equities: sp’60min
Another floor attempt… this time from 4311, some 211pts below the early Thursday high! S/t momentum is on the extremely low side, and we’re due a bounce.