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Crude Oil
Previous Day Range High: 70.17 Low: 67.80 Close: 69.49
Technical Chart Resistance
R-2: 71.52
R-1: 70.51
S-1: 68.14
S-2: 66.78
High: 70.51
Low: 68.14
Crude prices pulled back from earlier session highs reached after Saudi Arabia’s OPEC Governor Adeeb Al-Aama said in a statement that the kingdom expects crude exports to drop by roughly 100,000 bpd in August as it limits excess production. The U.S. West Texas Intermediate crude contract for August delivery, which expires on Friday, rose 70 cents, or 1 percent, to $69.46. However, the more heavily traded WTI contract for September delivery was trading 16 cents higher at $67.91 by 2:21 p.m ET.
Previous Day Range High: 7416.00 Low: 7354.75 Close: 7368.25
Technical Chart Resistance
R-2: 7440.92
R-1: 7404.58
S-1: 7343.33
S-2: 7318.42
Low: 7343.33
The Nasdaq Composite also pulled back 0.4 percent to 7,825.30.
Previous Day Range High: 25209 Low: 25034 Close: 25059
Technical Chart Resistance
R-2: 25276
R-1: 25167
S-1: 24992
S-2: 24926
High: 25167
Low: 24992
The Dow Jones Industrial Average dropped 134.79 points to close at 25,064.50, with Travelers Cos. and American Express lagging.
Previous Day Range High: 2818.00 Low: 2800.25 Close: 2805.75
Technical Chart Resistance
R-2: 2825.75
R-1: 2815.75
S-1: 2789.00
S-2: 2790.25
High: 2815.75
Low: 2789.00
The S&P 500 slipped 0.4 percent to 2,804.49, with financials dropping more than 1 percent.
Previous Day Range High: 1229.50 Low:1211.51 Close: 1223.60
Technical Chart Resistance
R-2: 1239.53
R-1: 1231.57
High: 1231.57
Low : 1213.57
Gold backed off a one-year low after U.S. President Donald Trump said he did not approve of the Federal Reserve raising interest rates again in an interview with CNBC. In response to Trump’s comments, the White House released a statement saying the president would not interfere with the Fed’s decisions. Still, spot gold was down 0.26 percent at $1,223.19 an ounce. The yellow metal slipped to its lowest since July last year at $1,210.70 earlier in the session. U.S. gold futures for August delivery settled down $3.90 at $1,224.

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