US equities remain a little choppy, still leaning on the upward side. Meanwhile, WTIC is currently +1.1% in the $45s. The energy sector ETF of XLE is currently u/c for the week in the $38.91s.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the 44/45s. The door remains wide open to psy’50, with secondary of the 52s.
XLE: Energy stocks set for a FIFTH consecutive net weekly gain. Soft target are the June $45s.
notable stock: SLB
With a new cycle high, s/t price structure of a bull flag has been fully confirmed. Soft target are the June $23s.
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Equities: sp’60min
Price action remains minor chop… still leaning fractionally higher.