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 |
| 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 |
Forecast |
| 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 |
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 |
Forecast |
| 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 |
| 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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