1pm update – oil and energy

US equities remain choppy, if mostly leaning a little higher. Meanwhile, WTIC is currently +0.3% in the upper $64s. The energy sector ETF of XLE is currently net higher for the week by +0.9% at $84.18.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $65.27. A daily close >$65 would bode s/t bullish, with next resistance of psy’ $70.

XLE: energy stocks are battling to build broad gains. Weekly momentum is due to turn positive by next Monday, offering upside into July.

notable stock: OXY

Leading the sector upward.

notable nuclear stock: SMR

Mostly s/t stuck.

Equities: sp’60min

Micro chop… if printing a new cycle high of 6018, making it a net bullish day AND week.