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Oil futures are down at the beginning of the day. 30-07-2020

News Date: 30/7/2020 04:29:12
 

Crude oil futures fell 0.10% today, to reach 41.31 dollars a barrel. Crude oil futures were previously traded as low as $ 41.19 a barrel, as it is expected that oil will find support points down at $ 40.48 and resistance at $ 41.93.

In contrast, Brent crude futures for next October increased by 0.22%, to settle at 44.19 dollars a barrel.

 

Speaking of Japanese stocks, the Nikkei 225 index rose at the beginning of trading on the Tokyo Stock Exchange, as it rose by 0.41% to 22489.24 points, while the broader Topix index rose by 0.33% to settle at 1554.13 points.

US equity indices also managed to conclude a high Wednesday session, as the Nasdaq Composite Index rose 1.35%, followed by the Standard Vend Index that increased by 1.24%, then the Dow Jones Industrial Average, which rose by 0.61%. As the lowest increase rate, thus gains were recorded especially in the oil and natural gas sector, the industrial sector, and the financial sector.

The US dollar also managed to reduce losses, despite the FOMC  decisions : the decision to keep interest rates at zero – for the economy to fully recover, which will require strategies and a lot of efforts .

 

The gold futures contracts ended yesterday’s delivery, an increase of 1.44%, to be traded at $ 1972.65 an ounce. It was previously traded with an expectation of an increase until the price of $ 1972.65 an ounce, and it is also expected to find the yellow metal Support points fell to $ 1863.10, and resistance points to $ 1974.70.

Regarding the silver futures contracts for September delivery, they increased by 2.39%, to be traded at $ 24.88 an ounce.

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