US equities remain very significantly lower. Meanwhile, WTIC is currently +0.8% in the upper $77s. The energy sector ETF of XLE is currently net lower for the week by -2.0% at $90.48.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $78.19… helped by the weaker dollar, and the latest inventory reports.
XLE: energy stocks are a little choppy, if leaning on the upward side.
notable stock: OXY
Mostly reflective of the sector.
I’d note the intersecting 10, 50, 200dma.
Arguably… a big move is coming.
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notable stock: XOM
Fairing better than the sector.
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Equities: sp’60min
Multiple aspects of support 5440/30s. I’m guessing the market will bounce tomorrow on GDP… if on ‘bad news is good news’. Cyclically low, and even the bolder bears will be out.