US equity indexes are mostly leaning upward (R2K is the exception). Meanwhile, WTIC is currently -1.6% in the low $69s. The energy sector ETF of XLE is currently net lower for the week by -2.9% at $90.09.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $68.17, partly on demand concerns, and partly on the notion that Israel won’t attack Iranian energy infra’. I disagree on the latter. Set for a severe net weekly decline of around -8.5%
XLE: energy stocks are moderately lower… largely due to oil. Despite a rather powerful net weekly decline, weekly momentum remains fractionally positive.
notable stock: SLB
Lets be clear… earnings were fine.
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notable stock: XOM
Mostly just reflective of the weak sector.
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Equities: sp’60min
Chop chop, with momentum trying to turn back to positive. The micro 5/15min cycles are on the high side, as we’re due a little cooling into the weekend, with an OPEX pin around 5850.