US Stock Analysis

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Crude Oil
Previous Day Range High: 54.31 Low:51.50 Close: 54.03
Technical Chart Resistance
R-2: 56.09
R-1: 55.06
Support
S-1: 52.25
S-2: 50.47

Forecast
High: 55.06
Low: 52.25

Oil prices rose more than $1 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month. Tensions in the Middle East after last week’s tanker attacks, with the U.S. planning to send more troops to the Middle East, also lent support. U.S. West Texas Intermediate crude futures rose $1.75, or 3.4%, to $53.68 a barrel.
NDI
Previous Day Range High: 7693.50 Low:7514.75 Close: 7647.25
Technical Chart Resistance
R-2: 7797.25
R-1: 7722.25

Support
S-1: 7543.50                                  S-2: 7439.75

Forecast
High: 7722.25                           Low: 7543.50

The Nasdaq Composite advanced 1.4% to 7,953.88.
DJI
Previous Day Range High: 26542 Low: 26070 Close: 26495
Technical Chart Resistance
R-2: 26841
R-1: 26668

Support
S-1: 26196                                  S-2: 25897

Forecast
High: 26668
Low: 26196
The Dow Jones Industrial Average jumped 353.01 points to 26,465.54 as 3M and Boeing outperformed. The S&P 500 climbed 1% to 2,917.75.
SPI
Previous Day Range High: 2931.75 Low: 2884.50

Close: 2922.25

Technical Chart Resistance
R-2: 2960.08
R-1: 2941.17

Support
S-1: 2893.92                                  S-2: 2865.58

Forecast
High: 2941.17                    Low:2893.92

The S&P 500 also closed 1.2% from its all-time intraday high of 2,954.13, which was reached May 1.
Gold
Previous Day Range High: 1354.50 Low: 1338.30

Close: 1346.05

Technical Chart Resistance
R-2: 1362.48
R-1: 1354.27
Support
S-1: 1338.07
S-2: 1330.08

Forecast
High: 1354.27                           Low: 1338.07

Gold prices pared gains on Tuesday after U.S. President Donald Trump confirmed he would meet with Chinese President Xi Jinping at an international summit, fanning hopes that an end to the U.S.-China trade dispute could be nearing. Earlier in the session, gold prices had briefly surged to 1% after central banks in Europe and the United States hinted at monetary easing. Spot gold gained 0.2% to $1,342.15 per ounce by 10:44 a.m. EDT (1444 GMT). Prices had risen to $1,354.20 earlier, before Trump said in a tweet, he had a “very good telephone conversation” with China’s Xi. The two leaders will meet at the G20 meet later this month in Japan, where the discussions will focus on trade in the midst of a bitter tariff spat, that has upset global markets since its conception a year ago. U.S. gold futures settled $7.80 higher at $1,350.70.

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