US Stock Analysis

Our ultimate goal is to deliver superior returns for our clients

Crude Oil
Previous Day Range High: 56.46 Low:54.85 Close: 55.36
Technical Chart Resistance
R-2: 57.17
R-1: 56.26
S-1: 54.65
S-2: 53.95

High: 56.26
Low: 54.65

Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. U.S. West Texas Intermediate crude shed 33 cents to $55.35 per barrel while Brent crude lost 39 cents to $59.91. Traders are awaiting a speech from Federal Reserve Chair Jerome Powell on Friday in Jackson Hole, Wyoming, that could indicate whether the U.S. central bank will continue to cut interest rates. “The market will be shifting focus today to broader based macro headlines with comments out of Jackson Hole likely to be prioritized in this regard,” said Jim Ritterbusch, president of Ritterbusch and Associates.
Previous Day Range High: 7782.25 Low:7654.00 Close: 7710.50
Technical Chart Resistance
R-2: 7843.83
R-1: 7777.17

S-1: 7648.92                              S-2: 7587.33

High: 7777.17                         Low: 7648.92

The Nasdaq Composite slid 0.4% to 7,991.39.
Previous Day Range High: 26375 Low: 26086 Close: 26221
Technical Chart Resistance
R-2: 26516
R-1: 26369

S-1: 26080                                  S-2: 25938

High: 26369
Low: 26080
The Dow Jones Industrial Average rose slightly on Thursday as investors awaited a key speech from the Federal Reserve’s top official. The 30-stock index climbed 49.51 points, or 0.2% to 26,252.24 in a volatile session that saw it rise as much as 186.05 points and drop 103.72 points. Boeing’s 4.2% gain pushed the Dow higher.
Previous Day Range High: 2939.75 Low: 2904.25

Close: 2922.25

Technical Chart Resistance
R-2: 2957.58
R-1: 2939.92

S-1: 2904.42                                  S-2: 2886.58

High: 2939.92                         Low : 2904.42

The S&P 500 ended the day just below the flatline at 2,922.95.
Previous Day Range High: 1504.55 Low: 1492.20

Close: 1498.50

Technical Chart

R-2: 1510.77                              R-1: 1504.63

S-1: 1492.28
S-2: 1486.07

High: 1504.63                          Low: 1492.28

Gold inched lower on Thursday after comments from U.S. Federal Reserve officials dampened hopes for additional monetary easing, although investors awaited further clarity from the central bank chief at the Jackson Hole symposium. Spot gold was down 0.18% at $1,499.5 an ounce, having earlier touched its lowest since Aug. 13 at $1,491.50. U.S. gold futures slipped 0.45% to $1,508.9.  “The entire market is in a wait-and-see mode, but there has been a steady stream of Fed speakers who have come out with a more hawkish message,” said Daniel Ghali, commodity strategist at TD Securities.

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