US equities are powerfully higher. Meanwhile, WTIC is currently +2.5% in the $38s. The energy sector ETF of XLE is currently net higher for the week by +5.0% in the $30.17s.
USO daily
XLE weekly
Summary
WTIC/USO: oil has printed $39.07, helped by the main market, but also the slightly weaker dollar. Major resistance… 42/43.
XLE: energy stocks are higher with the main market. For the moment… still below first resistance of the weekly 10MA.
notable stock: XOM
Exxon climbing with the sector.
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Equities: sp’60min
Price action remains powerfully strong. RSI 74s… and we’re extremely over-stretched.