US equities are still leaning weak. Meanwhile, WTIC is currently -1.8% in the $39s. The energy sector ETF of XLE is currently net higher for the week by +0.2% in the $30.25s.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the 40/39s, stuck under major resistance of the 42/43s, and above the recent low of the $36s.
XLE: energy stocks are battling for a net weekly gain, which isn’t going to be easy, with WTIC $39s. Remaining m/t horror.
notable stock: XOM
Exxon has earnings next Friday morning. A div’ cut announcement appears probable.
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Equities: sp’60min
S/t momentum continues to weaken, with a stimulus comment from Mnuchin that there remain ‘significant differences’. A deal before the election seems… very unlikely, as the political tension increases.