US equities remain broadly weak. Meanwhile, WTIC is currently -1.4% in the $44s. The energy sector ETF of XLE is currently net lower for the week by -3.4% in the $37.59s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $44.42, pressured by OPEC+, the weak main market, and the morning upward swing in the USD. The door remains wide open to psy’50, with secondary of the 52s.
XLE: energy stocks are just cooling with the main market, with most stocks set for monstrous net monthly gains. Soft target remain the June $45s.
notable stock: SLB
Just cooling with the sector, set to challenge the June high. S/t price structure is a bull flag.
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Equities: sp’60min
S/t momentum is on the moderately lower side, and the market is holding the morning lows.