2pm update - energy stocks under pressure

With Oil continuing to slide, -4.3% in the $47s, most energy stocks are significantly lower. A retrace seems very natural.. after what have been some very powerful gains. Metals are battling to hold moderate gains, Gold +$5.. with the USD broadly flat in the DXY 94.80s.


APA, daily

RIG, daily

Summary

Little to add.

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Certainly no sign of a short term floor in Oil.....

USO'60min

I'd guess Oil might open weak tomorrow, but then start to build a floor.