US equities are broadly lower. Meanwhile, WTIC is currently +1.4% in the $40s. The energy sector ETF of XLE is currently net higher for the week by +0.5% in the $30.95s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $41.13, partly helped by the weaker dollar (and earlier positive) main market. For now.. its all chop around psy’40. Resistance 42/43s… with support 36s. The inventory reports are a day late, due to Columbus day (API is due in AH, EIA due Thurs’ 11am).
XLE: energy stocks are fairing well to the main market today…
XOM, daily
S/t price structure could be argued is a bull flag.
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Equities: sp’60min
Comments from Mnuchin on negotiations with Pelosi have resulted in yesterday’s low taken out. Lower bollinger support in the 3470s.