US equities are significantly lower. Meanwhile, WTIC is currently -0.2% in the $41s. The energy sector ETF of XLE is currently net higher for the week by +3.3% in the $33.69s.
USO daily
XLE weekly
Summary
WTIC/USO: oil is set for a net weekly gain of around +9%… which is impressive. Today’s price was propped up, after a rep’ from the house of Saud literally threatened the shorts.
XLE: energy stocks set for a rather powerful net weekly gains, helped with oil $41s. A fifth week under the 10MA, as the sector is short and mid term bearish.
notable energy stock: XOM
Wednesday’s gain has been half eroded.
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Equities: sp’60min
Yesterday’s low has failed to hold. All that is left is 3310.
Its QUAD-OPEX, and a late day mini ramp remains a threat.