• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

Abundant Crude Stocks Drag SP500 Down - Short Positions Suggested - Capital Street FX

    • Home
    • Trade Ideas
    • Abundant Crude Stocks Drag SP500 Down – Short Positions Suggested
31-Aug
15:38 IST

U.S. stocks retreated on Wednesday morning, extending the losses to a second consecutive day. At the time of writing, the S&P500 index fell 0.36%, weighed by the weakness in energy shares.

The energy sector was the worst performer among 10 sectors making up the index, dropping 1.61% following a report from the U.S. Energy Information Administration that indicated domestic crude inventories rose by 2.3 million barrels in the week ended Aug. 26. Economists had forecast the report to show an increase of only 1.1 million barrels.

Trade suggestion

Sell Stop at 2164.00, Take profit at 2158.00, Stop loss at 2169.00

Leave a Reply

Your email address will not be published. Required fields are marked *