US Stock Analysis

Our ultimate goal is to deliver superior returns for our clients

Crude Oil
Previous Day Range High: 54.68 Low: 53.08 Close: 54.56
Technical Chart Resistance
R-2: 55.71
R-1: 55.13
S-1: 53.53
S-2: 52.51
High: 55.13
Low: 53.53
Oil prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid U.S. sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). The international benchmark for oil prices is at a near 3-month high and set for a 4.5 percent gain for the week. U.S. West Texas Intermediate (WTI) crude futures were at $54.74 per barrel, up 33 cents, or 0.6 percent, from their last settlement. OPEC and some non-affiliated suppliers including Russia are withholding supply in order to tighten the market and prop up prices. The producer group known as OPEC+ has agreed to cut crude output by a joint 1.2 million barrels per day (bpd). Top exporter Saudi Arabia said it would cut even more in March than the deal called for. Russia has cut its oil production by 80,000-90,000 barrels per day from its level in October, Moscow’s reference level for its cuts, the country’s energy minister said.
Previous Day Range High: 7057.50 Low: 6972.00 Close: 7020.25
Technical Chart Resistance
R-2: 7102.08
R-1: 7061.17
S-1: 6975.67
S-2: 6931.08
High: 7061.17
Low: 6975.67
The Nasdaq Composite, however, eked out a gain of 0.1 percent to close at 7,426.95 as Netflix’s stock climbed more than 2 percent.
Previous Day Range High: 25622 Low: 25304 Close: 25427
Technical Chart Resistance
R-2: 25769
R-1: 25598
S-1: 25280
S-2: 25133
High: 25598
Low: 25280
The 30-stock Dow pulled back 103.88 points to 25,439.39 as shares of Coca-Cola had their worst day since 2008.
Previous Day Range High: 2763.00 Low: 2730.25

Close: 2743.75

Technical Chart Resistance
R-2: 2778.42
R-1: 2761.08
S-1: 2728.33
S-2: 2712.92
High: 2761.08
Low: 2728.33
The S&P 500 dipped 0.27 percent to 2,745.72 as the consumer staples and financials sectors lagged.
Previous Day Range High: 1314.40 Low: 1302.30 Close: 1312.70
Technical Chart Resistance
R-2: 1321.90
R-1: 1317.30
S-1: 1305.20
S-2: 1297.70
High: 1317.30
Low: 1305.20
Gold prices rose on Thursday as the dollar fell on weak economic data from the United States, which bolstered expectations the Federal Reserve would stick to its dovish stance on monetary policy. Spot gold rose 0.45 percent to $1,311.96 per ounce as of 2:13 p.m. ET. U.S gold futures settled $1.20 lower at $1,313.90. The dollar index fell, weighed down by a string of disappointing U.S. data, with retail sales recording their biggest drop in nine years in December and weekly jobless claims registering an increase. The dollar’s slide soon after the data, which compounded worries of an economic slowdown, helped bullion shake off limited headwinds from earlier in the session and turn positive. The weak data “will continue to keep the Fed on hold. That is helpful for gold,” said George Gero, managing director at RBC Wealth Management, adding that some short-covering by investors was also playing a part in gold’s gains. “We had a setback (earlier in the session) and the buyers have stepped in.” Gold prices have risen more than 12 percent since touching more than 1-1/2-year lows in mid-August, mostly on expectations of a pause in interest rate hikes. Lower interest rates reduce the opportunity cost of holding non-interest-bearing gold and weigh on the dollar.

Reach Us

Drop us a line or email us and we will respond as soon as possible.

85 Great Portland Street
London, UK

+44 203 871 8393

Leave A Message