The S&P 500 rallied during the day on Tuesday, touching as high as 2480, but did pull back later in the day.
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The WTI Crude Oil market broke down significantly during the day on Tuesday, as the $50 level offered quite a bit of resistance. Natural gas markets fell to the $2.75 level, which is very supportive on the longer-term charts.
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The S&P 500 rallied during the day on Tuesday, touching as high as 2480, but did pull back later in the day. The NASDAQ 100 tried to rally initially during the day on Tuesday, but found the resistance above the 5900 level to be far too strong to continue going higher.
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Gold prices ended a choppy, two-sided trading session slightly lower yesterday, with many investors in wait-and-see mode ahead of key U.S. economic data.
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Gold prices rose in afternoon U.S. trading, recouping earlier losses, as soft U.S. economic data raised doubts about the path for higher interest rates.
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Get the USD/JPY Forex signal for August 1, 2017 here.
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