S&P Holds Key Support Level

The S&P 500 fell sharply to start the day yesterday, but a late day rally saw the index reclaim an important support level at 2280 by the Wall Street close.

 

Crude Oil Breakout

WTI crude oil futures broke out of a multi-week trading range yesterday and closed just shy of a new 2017 high as a sellers-strike continues ahead of data releases that could confirm (or discredit) proposed global output cuts.