US equities remain broadly lower. Meanwhile, WTIC is currently -0.3% in the $103s. The energy sector ETF of XLE is currently net lower for the week by -1.0% at $70.23.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $100.89, if recovering to the $103/104s. M/t bullish… unless the 200dma is lost… and that is currently in the $93/92s.
XLE: energy stocks lower with the main market, and not helped by oil… esp’ in early morning. I’d note the legacy green upside gap.
*I hold long the sector via SLB, KMI, RIG, CHPT
I should pick up OXY, which might be bought out by Berkshire this summer.
notable stock: OXY
Reflective of the sector. I will probably buy back this Wed’
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notable stock: KMI
Recent cooling from $20s to $16s, and I’m fine to be back onboard from the $16s.
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Equities: sp’60min
S/t momentum is on the low side, as the setup favours a bounce… ahead of Wednesday’s CPI.