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Low Oil Futures : 14-08-2020

News Date: 14/8/2020 07:37:20

We start today’s events with the rise in gold futures contracts for September delivery, as the contracts ended the week’s trading with an increase of 0.3%, to be traded at a price of $ 1964.4 per ounce. Previously, the trade was expected to rise in gold futures to 1970.00 levels, and support points are expected to fall at 1874.2, and resistance points at 2060.8 dollars per ounce.

While futures contracts for silver for September delivery fell, by 0.85%, to trade at levels of $ 27.4 an ounce.


On the other hand, oil futures contracts for September delivery decreased by 0.05%, to trade at $ 42.26 a barrel. It had previously traded in a lower session, reaching $ 42.23 a barrel, and oil is expected to find support points, down at $ 41.17, and resistance points at $ 42.94.

While the price of Brent oil for the month of October fell by 0.11%, to be traded at a price of $ 45.01 a barrel.


Speaking of Japanese stock indices, the Nikkei 225 index increased by 0.32%, to reach 23,323.92 points, while the Topix index increased by 0.3%, to record 1624.6 points.


As for the US stock indices, their performance varied, as the Nasdaq index increased by 0.27%, the S&P 500 decreased by 0.2%, and the Dow Jones Industrial Average lost 0.29%.

This contributed to recording gains in important sectors : the technology and consumer services sector, and the consumer goods sector. While losses were recorded in other sectors : the oil and natural gas sector, the financial sector, institutions and services.

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