Video Oil Slips at 70 CRB Commodity Basket Eyes New Highs

Close-up of market chart
Matt Simpson financial analyst
By :  ,  Market Analyst
 

In today’s video we update our analysis on WTI futures after it once again failed to close above $70. We then look at the CRB commodities index, and add DocuSign (DOCU) to our bullish watchlist.

S&P 500: Market Internals

S&P 500 sector performance September 2021

S&P 500: 4535.43 (-0.03%), 03 September 2021

  • Information Technology (0.38%) was the strongest sector and Utilities (-0.8%) was the weakest
  • 4 out of the 11 S&P 500 sectors closed higher
  • 4 out of the 11 sectors outperformed the S&P 500
  • 7 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

TradingView chart of S&P500 and other popular products. Analysed on September 2021 by FOREX.com

Outperformers:

  • + 12.1% - Quanta Services Inc  (PWR.N) 
  • + 6.70% - Cabot Oil & Gas Corp (COG.N) 
  • + 5.98% - Occidental Petroleum Corp (OXY.N) 

Underperformers:

  • -5.2% - Autodesk Inc  (ADSK.OQ) 
  • -4.6% - Hormel Foods Corp  (HRL.N) 
  • -2.9%   -  Gap Inc  (GPS.N) 

How to trade with FOREX.com

Follow these easy steps to start trading with FOREX.com today:

  1. Open a Forex.com account, or log-in if you’re already a customer.
  2. Search for the pair you want to trade in our award-winning platform.
  3. Choose your position and size, and your stop and limit levels.
  4. Place the trade.

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar