US equities remain broadly lower. Meanwhile, WTIC is currently +1.0% in the low $73s. The energy sector ETF of XLE is currently net higher for the week by +2.7% at $92.50.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $73.14, helped by the moderately weaker dollar. Next upside resistance is the 200dma around $74.00
XLE: energy stocks are broadly flat… restrained by the weak main market.
notable stock: OXY
Fairing well to the main market. I HOLD (average $50.29)
UBS neutral, 54>56
MS, overweight, 65>63
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notable nuclear stock: SMR
A provisional s/t floor from the mid $19s.
I picked up this early morning from $20.00
A daily close in the $21s appears probable… 5% above my entry 🙂
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Equities: sp’60min
In theory… the 6080s should hold, with a Friday pin around 6100.