US Stock Analysis

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Crude Oil
Previous Day Range High: 41.24 Low: 39.58 Close: 40.82
Technical Chart Resistance
R-2: 42.21
R-1: 41.51
S-1: 39.85
S-2: 38.89
High: 41.51
Low: 39.85
Oil prices rose nearly 2% on Monday on positive economic data from Europe, Asia, and the United States, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts. West Texas Intermediate crude settled 74 cents, or 1.84%, higher at $41.01 per barrel. U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, the Institute for Supply Management said.
Previous Day Range High: 11073.00 Low: 10876.25

Close: 11046.75

Technical Chart Resistance
R-2: 11195.42
R-1: 11121.08
S-1: 10924.33
S-2: 10801.92
High: 11121.08
Low: 10924.33
Nasdaq rose 1.1% or 120 points to 10,867.
Previous Day Range High: 26603 Low: 26197 Close: 26559
Technical Chart Resistance
R-2: 26859
R-1: 26709
S-1: 26303                                  S-2: 26047
High: 26709
Low: 26303
Dow Jones rose 0.7% or 230 points to 26,656 as of 14:14 GMT.
Previous Day Range High: 3295.50 Low: 3254.75 Close: 3288.50
Technical Chart Resistance
R-2: .3320.33
R-1:  3304.42
S-1: 3263.67                                S-2: 3238.83
High: 3304.42                              Low: 3263.67
S&P 500 added 0.7% or 25 points to 3,295.
Previous Day Range High: 1984.40 Low: 1960.00 Close: 1975.10
Technical Chart Resistance
R-2: 1997.57                                R-1: 1986.33
S-1: 1961.93
S-2: 1948.77
High: 1986.33                            Low: 1961.93
Gold prices retreated from a record high on Monday after the dollar strengthened and investors booked some profits, with the focus now on proposals for new U.S. coronavirus aid to extend relief benefits to jobless Americans. Spot gold fell 0.3% to $1,969.74 per ounce, having earlier hit a record high of $1,984.66. U.S. gold futures eased 0.1% at $1,984.10. “The pullback is just technical because we’re so close to $2,000 level and there are profit-taking and strengthening of the dollar has also caused gold to pause here,” said Bob Haberkorn, senior market strategist at RJO Futures. “I think a trade through $2,000 is waiting on to see what the U.S. Congress does.”


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