US equities are battling to hold gains. Meanwhile, WTIC is currently +2.8% in the $70s. The energy sector ETF of XLE is currently net lower for the week by -0.2% in the $49.19s.
USO daily
XLE weekly
Summary
WTIC/USO: oil has printed $70.61… partly helped by the positive main market, and a marginally weaker dollar. A weekly close >psy’ $70 would be ‘useful’. An eventual break >$77.00 will be a massively bullish event!
XLE: energy stocks powering upward with oil. Just a little higher, and the weekly candle will become one powerful spiky hammer!
*I hold OXY, SLB, MRO, and RIG. I kinda wish I had a fifth, but I’m already maxed out, and not in the mood to add any further funds to my acc’.
**I’m looking for RIG to $4.80/5.00 before ‘lightening up’.
notable stock: OXY
Occidental reflective of the sector. I’d like the 31/32s before lightening up.
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Equities: sp’60min
S/t momentum struggling to turn positive, but still… we printed a new hist’ high today. The bulls can’t complain!