US equities remain floor building. Meanwhile, WTIC is currently +1.8% in the mid $60s. The energy sector ETF of XLE is currently net higher for the week by +0.1% at $47.75.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed a high of $60.51, largely on Trump-Iran concerns. Friday’s black candle failed to play out. M/t bearish… but that would change if >63.00
XLE: energy stocks are moderately higher.
notable stock: XOM
New hist’ high. M/t bullish $150
–
notable nuclear stock: SMR
Even the cautious will be buying.
I expect $30 late Feb’/early March.
–
Equities: sp’60min
We’re re-testing the low.
S/t cyclically very low. RSI 28s… oversold
–
time for lunch