US equities remain leaning weak. Meanwhile, WTIC is currently +1.9% in the $73s. The energy sector ETF of XLE is currently net higher for the week by +1.5% at $80.85.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $73.76, at least partly due to the House of Saud threatening the oil/energy bears. Today’s gain is more impressive considering the shaky main market, and the moderately stronger dollar. S/t bullish >74s, otherwise… neutral.
XLE: energy stocks are very significantly higher, largely due to oil. I see the sector as m/t broken unless XLE >83s.
notable stock: OXY
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notable stock: EOG
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Equities: sp’60min
Structure IS a baby bear flag/pennant… and its playing out.
A close <4160 would offer minor red gap… prime day would be Thurs’.