1pm update – oil and energy

US equities remain choppy, if net higher. Meanwhile, WTIC is currently +2.8% in the $77s. The energy sector ETF of XLE is currently net higher for the week by +0.4% at $87.91.

USO daily

XLE weekly

Summary

WTIC/USO: oil has clawed from the $74s to $77s.. partly helped by the positive main market. Resistance… 50dma $80s.

XLE: energy stocks lagging the main market a little. M/t bullish unless <$80.

notable stock: OXY

Set for a third black candle… or outright red. The stock is m/t broken, unless >$65s.

Equities: sp’60min

A new intraday high… as s/t momentum ticking upward.
Thursday leans to teal gap… or even 4K.