• Spotify (SPOT.US) rating downgraded
Oil prices fell when doubts arose as to whether the world's largest producers would agree to reduce production.
The meetings of President Donald Trump with the heads of the US oil industry did not bring any decisions regarding US production cuts, which both Saudi Arabia and Russia consider as a precondition for any cuts on their part.
Therefore, the OPEC + meeting was postponed to Thursday. Over the weekend President Trump raised the possibility of protecting US oil producers by raising import duties on foreign oil.
S&P500 (US500) – is still trading within a range between 2395.3pts and 2648.0 pts which we have previously defined. As long as no groundbreaking information hits the market, traders should expect more sideways movement.Source:xStation5
Spotify (SPOT.US) – The price reached major support level at 120.57$ per share. The triangle pattern formed on the price chart. Permanent break out of the formation may lead to stronger price movement. Source:xStation5JetBlue (JBLU.US) – company's CEO Robin Hayes announced that due to ongoing pandemic the firm is losing through $10 million per day as only 7,000 passengers per day are flying right now, as opposed to the typical 120,000.
JetBlue (JBLU.US) – share rice bounced off the resistance at $12.63 per share and resumed its downward move, currently testing major support level at $7.42 per share. In case the current sentiment prevails, stock may move towards next support level located at $5.93 per share. Source:xStation5.This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
