US equities remain leaning weak. Meanwhile, WTIC is currently +2.2% in the mid $68. The energy sector ETF of XLE is currently net higher for the week by +2.6% at $89.29.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $68.58, which is more impressive relative to the weak main market, and the marginally stronger dollar. Resistance… $68s… a break >$69.00 would offer the $75s.
XLE: energy stocks are moderately higher, clearly helped by oil. This week’s candle leans to a higher high next week.
notable stock: OXY
Reflective of the sector.
–
notable nuclear stock: SMR
Reflective of the sector.
—
Equities: sp’60min
S/t structure is a bear flag.