A slow down: after three days of going up, APA, Apache was flat yesterday and closed at $36.9.

A quick look at yesterday: without a clear direction, APA, Apache closed at $36.9 while ranging between $35.97 and $37.08.

Uncertainty around APA, Apache is reflected by published market data as United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States ISM Manufacturing Prices (Apr) released yesterday at 14:00 UTC with a figure of 53.2, while the previous figure was 49.2. United States ISM Manufacturing Employment (Apr) came out at 50.2, while a consensus of analysts was expecting 47.9.

Chart analysis suggests APA Corporation is approaching key support, around $1.36 away from $35.54. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Meanwhile, mixed performances were seen by other materials stocks as Linde was up 0.77%. Rio Tinto lost 1.28% yesterday and closed at $63.17. BHP Billiton descends 0.66% yesterday to close at $59.04.

Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC. United States Interest Rate is expected tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) scheduled to come out tomorrow at 12:15 UTC.

The hydrocarbon exploration company has shed 15% over the past three months.