[Video] Oil Sits at Its Highs Ahead of OPEC+ Decision
Matt Simpson July 5, 2021 3:43 AM
Oil prices remain firm and just beneath their highs as traders await the decision from OPEC+ over their oil output policy.
In today’s video we look at key levels for brent futures, and also update our analysis on spot gold and the US dollar index. Elsewhere, Darden Restaurants (DRI) closed above trend resistance to further suggest momentum ha reverted to its long-term bullish trend.
S&P 500: Market Internals
S&P 500: 4352.34 (0.75%), 02 July 2021
- Information Technology (1.39%) was the strongest sector and Energy (-0.203%) was the weakest
- 9 out of the 11 S&P 500 sectors closed higher
- 4 out of the 11 sectors outperformed the S&P 500
- 304 (60.20%) stocks advanced and 197 (39.01%) declined
- 91.29% of stocks closed above their 200-day average
- 54.46% of stocks closed above their 50-day average
- 58.02% of stocks closed above their 20-day average
- + 2.35% - Oracle Corp (ORCL.N)
- + 2.27% - Paycom Software Inc (PAYC.N)
- + 1.96% - Hilton Worldwide Holdings Inc (HLT.N)
- -4.64% - International Business Machines Corp (IBM.N)
- -2.44% - Devon Energy Corp (DVN.N)
- -2.26% - Marathon Oil Corp (MRO.N)
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