US equities remain choppy, still leaning on the upward side. Meanwhile, WTIC is currently -1.1% in the $39s. The energy sector ETF of XLE is currently net lower for the week by -4.2% in the $31.66s.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the 40/39s. S/t vulnerable with the main market. Major support 32/30.
XLE: energy stocks are very significantly lower for the week, and that is with oil still at arguably lofty levels. Further downside to 30/29s appears probable.
notable stock: XOM
Exxon continues to lean weak, as the March lows aren’t that far away.
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Equities: sp’60min
Price action remains choppy. S/t momentum… still increasingly positive. I would note resistance of the upper bollinger at 3371, and that number is lower with each hour.