US equities remain in weak leaning chop mode. Meanwhile, WTIC is currently -1.5% in the $75s. The energy sector ETF of XLE is currently net higher for the week by +0.9% at $55.40.
USO daily
XLE weekly
Summary
WTIC/USO: oil cooled from $77.08 to $75.22. Set for a net weekly gain of around +3.0%. Set for a net 2021 gain of around +59%.
XLE: energy stocks seeing considerable chop, still set for a second consecutive net weekly gain. S/t vulnerable… if only 1-2 days.
*I hold OXY, SLB, RIG, KMI.
I’m looking to re-add to OXY & SLB, and buy back MRO and XOM next week, preferably with sp’4700.
notable stock: OXY
S/t vulnerable with oil and the main market, if only 1-2 days. I’d be a willing re-adder in the $27s.
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Equities: sp’60min
Cooling to 4730 remains a minimum target, with prime of around 4700.