1pm update – oil and energy

US equities are rather powerfully higher. Meanwhile, WTIC is currently +2.2% in the mid $64s. The energy sector ETF of XLE is currently net higher for the week by +0.3% at $81.74.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $64.36, helped by the positive main market. Old support $65s… is new resistance.

XLE: energy stocks are very significantly higher with the main market. The weekly candle is bullish engulfing, spiky on the lower side, and bodes bullish into May.

*I hold OXY and SMR, should drop with SPX 5700s in May/June.

notable stock: OXY

Reflective of the sector. Note the 200dma $50s

notable nuclear stock: SMR

Massive gains… but wake me up >$19

Equities: sp’60min

The 5300s are due tomorrow, so long as the market reacts positive to Tesla.