• 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.
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:xStation5
JetBlue (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.