US Stock Analysis

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Crude Oil
Previous Day Range High: 53.79 Low:52.39 Close: 52.90
Technical Chart Resistance
R-2: 54.43
R-1: 53.66
Support
S-1: 52.26
S-2: 51.63

Forecast
High: 53.66
Low: 52.26

Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible. But gains were limited due to lingering concerns of a global economic slowdown. U.S. West Texas Intermediate (WTI) crude had gained 16 cents or 0.3% to $52.97 a barrel. “Oil is starting to see some bullish positions added on the easing of two big tail risks for global demand, the U.S.-China trade war and Brexit,” said Edward Moya, a senior market analyst at OANDA in New York.
NDI
Previous Day Range High: 7971.75 Low:7859.75 Close: 7959.50
Technical Chart Resistance
R-2: 8042.23
R-1: 8000.92

Support
S-1: 7888.92                                S-2: 7818.33

Forecast
High: 8000.92                        Low: 7888.92

The Nasdaq Composite advanced 1.2% to 8,148.71.
DJI
Previous Day Range High: 27079 Low: 26759 Close: 27004
Technical Chart Resistance
R-2: 27273
R-1: 27139

Support
S-1: 26810                                    S-2: 26615

Forecast
High: 27139
Low: 26810
The Dow Jones Industrial Average rose 237.44 points, or 0.9% to close at 27,024.80. Tuesday marked the Dow’s first close above 27,000 since Sept. 19.
SPI
Previous Day Range High: 3003.25

Low: 2966.50

Close: 2997.75

Technical Chart Resistance
R-2: 3025.92
R-1: 3011.83

Support
S-1: 2975.08                                S-2: 2952.42

Forecast
High: 3011.83                            Low : 2975.08

The S&P 500 gained 1% to close at 2,995.68.
Gold
Previous Day Range High: 1498.20 Low: 1477.15

Close: 1481.25

Technical Chart

Resistance
R-2: 1506.58                              R-1: 1493.92

Support
S-1: 1472.87
S-2: 1464.48

Forecast
High: 1493.92                          Low: 1472.87

Gold prices edged higher on Wednesday after shedding nearly 1% in the previous session, as it remained unclear if Britain could avoid postponing its departure from the European Union beyond Oct. 31. Spot gold was up 0.2% at $1,484.49 per ounce as of 0130 GMT. U.S. gold futures were 0.3% higher at $1,488.10 per ounce.

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