US equities remain a little choppy, if leaning on the weaker side. Meanwhile, WTIC is currently +0.9% in the $73s. The energy sector ETF of XLE is currently net higher for the week by +0.7% at $84.14.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $73.82, partly helped by the marginally weaker dollar. Bullish >78, bearish <67. I lean to the former.
XLE: energy stocks are building sig’ gains, mostly helped by oil $73s. Weekly momentum might turn positive next week.
notable stock: SLB
Still struggling to the sector, but I comfortably hold, with soft target of the 52/53s.
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notable stock: PSX
New hist’ high. Impressive to the sector.
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Equities: sp’60min
Chop chop… with more likely across the afternoon.
S/t cyclically low, as the setup will favour the bulls on Wednesday.