US equities are rather powerfully lower. Meanwhile, WTIC is currently -1.0% in the $77s. The energy sector ETF of XLE is currently net higher for the week by +0.2% at $83.68.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $79.90, if cooling back to the $77s, pressured by the main market, and the moderately stronger dollar. Today’s candle is bearish engulfing, and leans s/t bearish.
XLE: energy stocks are very significantly lower with the main market. Alarm bells if 2022 settles <$79s
notable stock: OXY
We’ve a clear reversal from under the 200dma. Alarm bells if December settles <$64s
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Equities: sp’60min
The break <3795 is surprising.
VIX 23s are still not reflective of even moderate concern.