US equities remain mixed. Meanwhile, WTIC is currently -0.3% in the mid $70s. The energy sector ETF of XLE is currently net lower for the week by -2.7% at $90.29.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the mid $70s. It remains just a matter of whether Israel will launch an attack on Iran before… or AFTER the election. I have to assume they’ll want to hit at least a few energy installations.
XLE: energy stocks are broadly flat with oil. Weekly momentum remains fractionally positive.
notable stock: OXY
Reflective of the sector.
–
notable stock: XOM
Yesterday’s black candle played out.
The current candle is bearish engulfing.
Three day structure is a bear flag.
—
Equities: sp’60min
S/t momentum is marginally positive.
–
An early post, but I’ve still not had lunch… I should go out now… and try to catch at least a few minutes of sunshine.