US equities remain a little choppy, still leaning weak. Meanwhile, WTIC is currently +1.7% in the $40s. The energy sector ETF of XLE is currently net lower for the week by -0.9% in the $30.52s.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the 39/40s. Major resistance 42/43…. support 36s. Considering today’s higher dollar, oil is performing rather well.
XLE: energy stocks are struggling… despite oil $40s.
notable stock: XOM
A third day lower… but the recent reversal low is holding.
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Equities: sp’60min
S/t momentum is increasingly negative. I would note the lower hourly bollinger, which will soon be within orange gap.