US equities are choppy, if sig’ higher. Meanwhile, WTIC is currently -1.7% in the $81s. The energy sector ETF of XLE is currently net higher for the week by +2.3% at $83.68.
USO 60min
XLE weekly
Summary
WTIC/USO: oil has cooled from the $83s to $80.82. Today’s performance is far worse, relative to the positive equity market, and the broadly weaker dollar. Set for net weekly decline of around -4.8%.
XLE: energy stocks are sig’ lower for the day, largely due to oil $80s. Weekly momentum remains negative, and a restraint on all bounces.
notable stock: OXY
Fairing a little better than the sector.
Earnings due next Tues’ AH
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notable stock: DVN
Fairing very well to the sector. Earnings due next Tues’ AH
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Equities: sp’60min
Yet another new cycle high of 4368… hourly RSI >80, Not sustainable.
*VIX is holding the early floor of 15.06.