• 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.The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
