US equities are broadly lower. Meanwhile, WTIC is currently -1.2% in the mid $70s. The energy sector ETF of XLE is currently net lower for the week by -0.7% at $89.67.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $70.13, pressured by the weak main market, and the stronger dollar. Any price action >$78 would be decisive, and threaten a hyper spike straight to giant psy’ $100.
XLE: energy stocks are moderately lower… with the main market.
notable stock: XOM
Reflective of the sector
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notable stock: OXY
The two prior black candles have played out.
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Equities: SPY, 60min
A new intraday low. S/t momentum is on the low side, as bulls can argue multi-day structure is a bull flag.
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*yes, stockcharts is still having issues with SPX quotes.