[Video] WTI Eyes a Break of 70, USD/CAD Points Lower Ahead of NFP

Another decent employment set supported oil prices overnight, seeing WTI probe 70 resistance ahead of today’s Nonfarm payroll report.

Energy 3


In today’s video we analyse WTI futures, alongside USD/CAD as it shares an inverted correlation. We also catch up on Costco Wholesale Corporation (COST) as bulls try to embark on extending its already impressive rally.

S&P 500: Market Internals

S&P 500: 4536.95 (0.28%), 02 September 2021

  • Energy (2.52%) was the strongest sector and Communication Services (-0.69%) was the weakest
  • 8 out of the 11 S&P 500 sectors closed higher
  • 6 out of the 11 sectors outperformed the S&P 500
  • 3 out of the 11 sectors traded lower on the S&P 500
  • 379 (75.05%) stocks advanced and 124 (24.55%) declined
  • 80.79% of stocks closed above their 200-day average
  • 68.51% of stocks closed above their 50-day average
  • 71.49% of stocks closed above their 20-day average


  • + 12.06%   -  Quanta Services Inc  (PWR.N) 
  • + 6.70%   -  Cabot Oil & Gas Corp  (COG.N) 
  • + 5.98%   -  Occidental Petroleum Corp  (OXY.N) 


  • -5.2%   -  Autodesk Inc  (ADSK.OQ) 
  • -4.6%   -  Hormel Foods Corp  (HRL.N) 
  • -2.91%   -  Gap Inc  (GPS.N) 

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