USO ETF leads gains as of Nov 3, 21:00 UTC

Where prices stand

The USO ETF, which tracks WTI Crude Oil, is at $158.14 and (on the session) rose 0.81%. The GLD ETF, which tracks Gold, is at $359.31 and fell 0.65%. The SPY ETF, which tracks the S&P 500, is at $754.35 and rose 0.30%. The UUP ETF, which tracks the US Dollar Index, is at $29.01 and rose 0.17%. All prices are as of Nov 3, 21:00 UTC and changes are from the prior close, per Finnhub.

Trend check

Per the trend signal, WTI Crude Oil is flagged bullish with RSI(14) 53.4; its last close is 103.37, the 50-day SMA is 96.61 and the longer SMA is 87.62. No other instruments in this update carry trend-signal entries.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 2, 22:41 UTC); it is not a recommendation.

In the news

CNBC published an Investing Club item on the No. 1 issue it is watching as a signal for stocks. CoinDesk reported that Justin Sun seeks sanctions against World Liberty Financial over UAE ties. Forexlive published technical analysis noting USDCHF moves after Swiss CPI; Yahoo updated that US equity indexes were mixed as Apple’s fiscal Q4 disappointed.

• Election Day: Here is the No. 1 issue we're watching as a signal for stocks — CNBC, Nov 3, 19:29 UTC
• Justin Sun seeks sanctions against Trump-linked World Liberty Financial over UAE ties — CoinDesk, Nov 3, 16:55 UTC
• USDCHF falls on firmer Swiss CPI, but buyers lean against the 100 day MA — Forexlive, Nov 3, 16:26 UTC
• Update: US Equity Indexes Mixed as Apple's Fiscal Q4 Disappoints While Investors Await Midterm Election Results — Yahoo, Nov 3, 19:14 UTC

What to watch

The Bank of England rate decision and Monetary Policy Report is scheduled Thu Nov 5, 12:00 UTC, per bankofengland. Productivity and Costs for the US is scheduled Thu Nov 5, 13:30 UTC, per bls. The US Employment Situation is scheduled Fri Nov 6, 13:30 UTC, per bls.

• Wed Nov 4 (time not confirmed) — International trade balance (BEA/Census) (US) (source)
• Thu Nov 5 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Thu Nov 5, 12:00 UTC — Bank of England rate decision and Monetary Policy Report (GB) (source)
• Thu Nov 5, 13:30 UTC — Productivity and Costs (US) (source)
• Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)

Sources and data

• CNBC (secondary source) — Election Day: Here is the No. 1 issue we're watching as a signal for stocks
• CoinDesk (secondary source) — Justin Sun seeks sanctions against Trump-linked World Liberty Financial over UAE ties
• Forexlive (secondary source) — USDCHF falls on firmer Swiss CPI, but buyers lean against the 100 day MA
• Yahoo (secondary source) — Update: US Equity Indexes Mixed as Apple's Fiscal Q4 Disappoints While Investors Await Midterm Election Results
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 3, 21:00 UTC; report generated Nov 3, 21:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.