- S&P Global hasn't traded above $318 for 2 weeks.
- S&P Global is eyeing $308.76 as its nearest support level
On a 5 day uptrend, Yesterday's session put the brakes on the ongoing uptrend — without a clear direction, S&P Global closed at $311.53 while ranging between $310.62 and $318.
S&P Global is now trading 8.87% above the significant low ($286.62) it slumped to 13 days ago.
Technical analysis of S&P Global's past price action reveals multiple support and resistance levels: S&P Global is approaching key support, around $2.77 away from $308.76. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Fundamental indicators – United States Crude Oil Inventories beat analyst expectations of 1 million and the previous reading of -1.73 million with new data of 2.59 million.
Meanwhile, mixed performances were seen by other financials stocks as Visa Inc. gained 4.6%, as it traded at $203.33. Mastercard added 2.6% to its value, and traded at $319.51. JP Morgan Chase traded at $124.11 after closing yesterday's trading day at $122.7 (up 1.15%).
Upcoming fundamentals: United States GDP is projected to outperform its last figure with 2.4. It previously stood at -0.6; data will be released today at 12:30 UTC.