US equities remain choppy. Meanwhile, WTIC is currently +3.0% in the low $61s. The energy sector ETF of XLE is currently net higher for the week by +3.5% at $49.36.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $61.26, partly helped by the marginally weaker dollar. M/t bearish unless >63.00
XLE: energy stocks are sig’ higher.
notable stock: XOM
New hist’ high… reflective of the sector.
Earnings due next Friday should be good
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notable nuclear stock: SMR
I see ALL cooling waves as a buying opp.
S/t bullish to 200dma … around $30
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Equities: sp’60min
Minor chop. I’d accept… a weekly close >6944 (for a bullish engulfing weekly candle) looks unlikely.
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time for a much needed lunch