Video Oil Sits at Its Highs Ahead of OPEC Decision
Oil prices remain firm and just beneath their highs as traders await the decision from OPEC+ over their oil output policy.
Share this:
![[Video] Oil Sits at Its Highs Ahead of OPEC+ Decision](/-/media/Research/Global/News Analysis/Featured Image/2021/03/Energy3)
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
Outperformers:
- + 2.35% - Oracle Corp (ORCL.N)
- + 2.27% - Paycom Software Inc (PAYC.N)
- + 1.96% - Hilton Worldwide Holdings Inc (HLT.N)
Underperformers:
- -4.64% - International Business Machines Corp (IBM.N)
- -2.44% - Devon Energy Corp (DVN.N)
- -2.26% - Marathon Oil Corp (MRO.N)
Related tags:
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
USD/CAD shooting star puts September surge on notice
USD/CAD has printed a clear bearish reversal pattern after an extraordinary September surge, but confirmation may depend heavily on how US Treasury yields react to Friday’s payrolls report.
USD/MXN Analysis: Is Super Peso Starting to Fade?
Over recent trading sessions, the Mexican peso has continued to show signs of weakness against the U.S. dollar. This can already be seen in USD/MXN, which has gained more than 1.7% over the last three sessions, highlighting sustained buying pressure in favor of the dollar in the short term.
Canadian Dollar Analysis: USD/CAD Returns to July Highs Ahead of NFP
The Canadian dollar continues to face one of its most challenging environments in recent months when it comes to maintaining strength against the U.S. dollar. The weakness of the Canadian currency is clearly reflected in USD/CAD, which has now recorded nine consecutive bullish sessions and gained more than 1.7% during that period.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.