Video WTI Eyes a Break of 70 USDCAD Points Lower Ahead of NFP

Energy
Matt Simpson financial analyst
By :  ,  Market Analyst
<amp-wistia-player layout="responsive" data-media-hashed-id="keb8e9lp8p" width="512" height="360"></amp-wistia-player>
 

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

S&P Sector performance of S&P500 and other popular products.  Analysed on September 2021 by FOREX.com

Outperformers:

  • + 12.06%   -  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) 
  • -2.91%   -  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