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Oil futures keep it height 05-08-2020

News Date: 5/8/2020 02:46:36

Oil futures rose today, Wednesday, as crude oil futures trading for September delivery increased by 0.02%, reaching $ 41.69 a barrel, previously traded on an increase session at $ 41.73 a barrel. Oil futures contracts are expected to find support points down at $ 38.72, and resistance points at $ 42.09, while Brent crude for October delivery rose 0.09%, to trade at $ 44.47 a barrel.


On the other hand, the gold futures contracts for October delivery decreased by 0.45%, compared to yesterday – the percentage decline is only 0.17% - to be traded at the price of 2017.6 dollars per ounce, as was previously traded on a session lower at the price of 2015.5 dollars An ounce, contracts are also expected to find support points down at 1941.70, and resistance points at $ 2036.00.

Silver futures contracts for September delivery were traded at $ 25,945 an ounce, after also falling by 0.32%.


US stocks closed yesterday, after all of the Nasdaq 0.35, the Standard & Poor 500 Index rose by 0.36%, and the Dow Jones Industrial Average, which closed up 0.62%.


 In conclusion, the Japanese stocks’ performance varied, as after its indicators recorded an increase yesterday, it returned to decline in the beginning of trading today, as the Nikkei 225 index decreased by 0.42% to 22479.72 points, while the broader Topix index decreased by 0.43 % To settle at 1548.57 points.

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