Val Kensington

After breaking the resistance level of $50 and reaching multi-month high price levels on October 6, crude oil prices stayed above $50 early on October 7.

At 2:50 PM EDT on July 22, precious metal producers Barrick Gold (ABX), Newmont Mining (NEM), and Royal Gold (RGLD) gained ~1%, ~2.0% ,and ~0.77%, respectively.

Biogen, which is an American multinational biotechnology company, was the S&P 500’s top loss on June 18.

After starting the day with decreased momentum, copper prices remains mixed on Friday, August 19. At 1:50 PM EDT on August 19, the COMEX copper futures contract for September delivery was trading at ~$2.17 per pound, a gain of ~0.16%.

The United Kingdom’s FTSE 100 Index started Thursday on a stable note. Early on July 13, the FTSE 100 Index was stable and trading above opening hours.

SCANA was the S&P 500’s second-best performer on Thursday. After trading with weak sentiment for five weeks, SCANA regained strength last week.

After a string of losing days, base metals recovered on January 13, 2016. Except for tin, all of the base metals rose on January 13 in the LME.

At 6:05 AM EST on March 19, the West Texas Intermediate crude oil futures for May 2018 delivery were trading at $62.20 per barrel—a drop of 0.34%.

In the week ended December 26, the equities of all major base metal miners gained, recovering from losses in the week prior.

Under Armour was the S&P 500’s top gainer on April 3. After declining for three consecutive trading weeks, Under Armour regained stability last week.

At 1:15 PM EST on September 20, the COMEX copper futures contract for December delivery rose ~0.35%. It was trading at $2.16 per pound.

The S&P 500 started this week on a weaker note due to the market’s lower risk appetite amid geopolitical concerns. The S&P 500 rose on September 27.

Quest Diagnostics was the S&P 500’s top loser on September 25. On September 25, Quest Diagnostics fell 7.4% to $94.38—the lowest close in seven months.

On October 25, the NASDAQ and Dow Jones Industrial Average opened the day lower. The NASDAQ closed the day at 6,563.89 with a loss of 0.52%.

After declining for three consecutive trading weeks, Ulta Beauty opened higher on Monday but didn’t maintain the strength.

On November 14, the WTI (West Texas Intermediate) crude oil futures contract for December delivery closed the day at $43.32 per barrel—a fall of ~0.21%.

These economic concerns and monetary stimulus expectations have decreased the probability of an interest rate hike by the US Federal Reserve, and the chances of an interest rate hike in July dropped to zero.

After starting the day on a weaker note on Wednesday, August 3, copper maintained the same sentiment throughout the day and declined lower.

Tiffany & Co., which is an American luxury jewelry and specialty retailer, was the S&P 500’s top performer on May 23.

At 6:15 AM EST on June 14, the WTI crude oil futures for July delivery were trading at $66.84 per barrel—a gain of 0.32%.

Crude oil continued to trade higher on Thursday morning due to support from the EIA’s inventory report released on Wednesday.

At 6:30 AM EST on December 15, the West Texas Intermediate crude oil futures for January 2018 delivery were trading at $57.34 per barrel—a gain of 0.53%.

Although the fundamentals are not as supportive of the Market’s sentiment, the weakness of the dollar and decreased anxiety over the Brexit vote helped copper on Friday.

At 6:55 AM EST on October 28, the WTI crude oil futures contract for December delivery was trading at $49.47 per barrel—a fall of ~0.48%.

Best Buy rose to record high price levels on May 25. Despite prevailing weakness in the retail sector, Best Buy posted upbeat first quarter results.

Copper is trading lower on Thursday. At 6:36 AM EST, the COMEX copper futures contract for July delivery was trading at $2.06—a decline of 1.1%.

Copper prices experienced a roller coaster ride on Monday after important market-moving news from China.

The equities of major base metal mining companies fell in the week ended on January 2. Freeport-McMoRan, one of the leading copper producers, fell last week and ended in a loss.

Crude oil fell sharply on Friday, June 10, 2016, affected by weakness in the global markets and the strong dollar. At 12:27 PM EDT, WTI crude futures for July expiry were trading at $49.31 per barrel, a drop of ~2.5%.

Freeport-McMoRan (FCX), one of the largest copper miners, rose for the second consecutive trading day on Tuesday, March 22, 2016. It closed the day at $10.99, a rise of 1.8%.

On Wednesday, March 2, 2016, Merrill Lynch resumed Freeport-McMoRan’s (FCX) coverage, with a neutral rating and a price target of $9.

The S&P 500 fell lower last week amid geopolitical concerns. But it started this week on a stronger note by rebounding on Monday.

Freeport-McMoRan is one of the largest copper miners in the world. It fell for the second consecutive trading week. In the week ending on April 2, it fell 2.2%.

At 6:00 AM EST on September 7, the West Texas Intermediate crude oil futures contract for October delivery was trading at $45.24 per barrel—a gain of ~0.94%.

After rising to record high price levels last week, the S&P 500 carried the buying momentum to this week. It closed with gains on September 20, 2017.

After rising to 17-month high price levels and starting the week on a stronger note on Monday, Japan’s Nikkei index pulled back on Tuesday.

At 8:45 AM Eastern time, gold futures contracts for June delivery were trading at $1,298.75 per ounce, a gain of 0.23%. Silver was trading at $17.59 per ounce, a loss of 0.37%.

FLIR Systems was the S&P 500’s top gainer on July 25. FLIR Systems opened higher on July 25 and rose to record high price levels.

At 5:05 AM EST on February 5, the DAX Index was trading at 12,728.08—a drop of 0.45%. The iShares MSCI Germany (EWG) fell 2.42% on February 2.

At 4:45 AM EST, the FTSE 100 Index was trading at 7,701.14 with a gain of 0.22%. EWU fell 0.43% to $34.49 on Thursday.

At 2:40 PM EST on August 8, the COMEX gold futures contract for December delivery was trading at $1,341.35 per ounce—a drop of ~0.23%.

At 6:35 AM EST on October 7, the COMEX copper futures contract for December delivery was trading at $2.15 per pound—a fall of ~0.12%.

Crude oil continues to trade higher due to positive sentiment surrounding the crude oil market. At 7:38 AM EST, WTI crude was trading at $44.88 per barrel.

LME nickel fell to lower price levels last week and stood as the biggest loser in base metals. It fell 5.5% and ended the week at $8,830 per metric ton.

All base metals declined that day on the LME, and LME nickel was the biggest loser of the day in base metals with a decline of 2.8%.

The market is anticipating the speech by the Federal Reserve chair, Janet Yellen, at the annual central bankers meeting to be held in Jackson Hole, Wyoming, on August 26.

The S&P 500 started this week on a stable note by trading at all-time high price levels on Monday. The market lost momentum in the first two trading days.

At 6:20 AM EST on September 14, the COMEX copper futures contract for December delivery was trading at $2.13 per pound—a gain of ~1.2%.

The base metals found some relief on January 13, 2016. They carried the same positive sentiment to January 14. All of the base metals rose in the LME.

Crude oil–related companies lost momentum on July 11. At 3:30 PM EST, major ETFs related to the energy sector such as USO and DBO fell ~1.5% and ~0.34%.

At 1:15 PM EDT on July 22, major copper producers Freeport-McMoRan (FCX), Billiton (BHP), and Rio Tinto (RIO) fell by ~1.7%, ~1.7%, and ~1.19%, respectively.

On February 8, Hanesbrands declined 10.9% and closed the day at $19.57. Hanesbrands is part of the S&P 500 Consumer Discretionary sector.

After testing the psychological resistance level of $50 on Thursday, May 26, 2016, crude oil is trading below the resistance level this morning.

The S&P 500 started March 6 on a weaker note and maintained the weakness throughout the day. The S&P 500 VIX Index measures uncertainty in the market.

At 1:05 PM EDT on Thursday, August 11, the WTI crude oil futures contract for September delivery was trading at $43.61 per barrel, a gain of ~4.5%.

On September 21, nine out of the S&P 500’s 11 major sectors fell. Weakness in the telecom services and consumer staples sectors pushed the market lower.

The S&P 500 Information Technology sector rose 0.32% on December 20. The market is looking forward to Trump’s meeting with Silicon Valley CEOs.

The S&P 500 Consumer Staples sector rose 0.15% on December 19. Costco Wholesale (COST) and Altria Group (MO) were the top performers.

Harris Corporation was the S&P 500’s top gainer on January 30. On January 30, Harris Corporation gained 6.2% and closed the day at $156.31.

After starting this week on a stronger note and gaining for seven consecutive trading days, the S&P 500 surged higher to a new record-high price on Thursday.

At 4:45 AM EST on February 7, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $63.36 per barrel—a fall of 0.08%.

The Hang Seng Index gained 1.8% and closed the day at 30,828.00 on April 30. The iShares MSCI Hong Kong (EWH) gained 0.39% on Friday.

After consolidating for three consecutive trading days, the S&P 500 started May 11 on a weaker note by opening lower and falling to one-week low levels.

The S&P 500 Index started January 17 on a stronger note, but it wasn’t able to hold the strength due to risk aversion at the beginning of the week.

Biogen was the S&P 500’s top loser on January 8. Biogen regained strength last week and rose to ten-week high price levels.

After gaining for three consecutive trading weeks, Nucor started this week higher but lost upward momentum as the week progressed.

TripAdvisor was the S&P 500’s top gainer in the week ending November 24. It started the week on a stable note and rose as the week progressed.

On June 6, the Shanghai Composite Index closed at 3,115.18—a gain of 0.03%. The SPDR S&P China (GXC) gained 0.2% on Tuesday.

On July 21, the FTSE 100 Index started on a stronger note but lost momentum as the day progressed. It traded with subdued momentum.

China’s better-than-expected growth in real estate investments in April supported copper prices on Monday.

Incyte rose to one-month high price levels on May 18. Incyte opened higher on Thursday due to positive results from its lung cancer drug.

Transocean, one of the world’s largest offshore drilling contractors, rose to one-week high price levels on Friday. It’s focusing on cost-cutting measures.

After gaining for three consecutive trading days, China’s Shanghai Composite Index lost momentum and closed almost flat on April 28.

At 4:45 AM EST today, the FTSE 100 Index was trading at 7,576.18—a gain of 0.12%. EWU gained 0.08% to $36.1 on Monday.

After starting the week on a positive note by gaining on September 12, crude oil lost its strength on September 13 amid bearish market outlook reports.

The companies in the energy sector gained on Wednesday, September 21. The United States Oil ETF (USO) and the PowerShares DB Oil ETF (DBO) rose ~2.7% and ~2.1%, respectively.

After falling for two consecutive trading days, crude oil eased and recovered moderately in the early hours on September 15.

The companies in the energy sector fell on Friday, September 16. The United States Oil ETF (USO) and the PowerShares DB Oil ETF (DBO) fell ~1.6% and ~1.5%, respectively.

The health care sector rose 0.65% on November 29. Alexion Pharm (ALXN) (+5.2%) and Centene (CNC) (+3.9%) are the top performers.

After regaining some strength on Tuesday amid improved global market sentiment, China’s Shanghai Composite Index continued to move higher.

On December 13, the S&P 500, Dow Jones Industrial Average, and Nasdaq rose 0.65%, 0.58%, and 0.95%. They closed at record highs.

Estee Lauder (EL) and Constellation Brands (STZ) were the top and bottom performers in the consumer staples industry on December 20.

After falling for two consecutive trading days, gold regained its strength on Wednesday, June 29, amid increasing concerns over the stability of the global markets.

Crude oil started Wednesday on a weaker note as the oil worker strike in Kuwait was called off. But later in the day, crude oil was supported by the better-than-expected US crude oil inventories report.

Crude oil prices regained strength last week amid a decline in crude oil inventory levels and expectations of an extension of the supply cut agreement.

After the market closed on Wednesday, Netflix (NFLX) posted upbeat fourth quarter earnings. It reported $2.48 billion in revenue in the fourth quarter.

Copper prices stabilized on Monday, July 4, amid expectations of stimulus from central banks.

After posting moderate gains on Tuesday, September 20, crude oil prices inched higher on Wednesday, September 21, amid a drop in inventory levels. Crude oil prices also took support from the oil service workers’ strike in Norway.

The S&P 500 Information Technology sector fell 0.87% on December 28. NVIDIA (NVDA) and First Solar (FSLR) were the top losers.

At 5:10 AM EST on November 11, the WTI crude oil futures contract for December delivery was trading at $44.28 per barrel—a fall of ~0.85%.

After falling for two consecutive trading days to the lowest levels since the end of November, the energy sector rose on Wednesday.

At 6:30 AM EST on April 27, the West Texas Intermediate crude oil futures contract for June 2017 delivery was trading at $49.16 per barrel—a fall of ~0.93%.

After showing weakness on June 22 due to the disappointing inventory report, crude oil started Thursday on a positive note.

Crude oil prices were weaker in the early morning trading hours of July 19 amid mixed sentiments.

At 7:30 AM EST on April 25, the West Texas Intermediate crude oil futures contract for June 2017 delivery was trading at $49.26 per barrel—a gain of ~0.04%.

After gaining more than 4% on August 11, crude oil prices remained stable at three-week high levels in the early morning hours on August 12.

Range Resources Corporation was the S&P 500’s second-best performer on December 28, 2017.

After a brief decline on Wednesday, the S&P 500 energy sector lost strength and fell on February 16. The rise in crude oil inventories dented the sentiment.

At 6:40 AM EST on July 5, the COMEX Copper futures contract for September delivery was trading at $2.2 per pound—a drop of 0.81%.

At 1:00 PM EST on September 20, the WTI crude oil futures contract for November delivery was trading at $43.8 per barrel—a fall of ~0.21%.