US equities remain significantly lower. Meanwhile, WTIC is currently -6.2% in the $36s. The energy sector ETF of XLE is currently net lower for the week by -2.7% in the $33.91s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $36.13, pressured by the main market. Next major support is the 32/30 zone.
XLE: Energy stocks are getting hit by oil and the main market. A third net weekly decline appears very probable, as the sector remains broken since early June.
notable stock: XOM
The ex-Dow component continues to slide, as the March $28s look a threat… if WTIC 32/30, and sp’3100s.
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Equities: sp’60min
S/t momentum is offering a turn back upward, with a viable rally that could easily stretch into late Wed’/early Thursday to 3450 or so.