Apple trades at $160.97 after United States EIA Short-Term Energy Outlook was released today at 16:00 UTC.

After dropping down to $160.51, the mobile and tech colossus recovers some losses and is currently trading at $161.63.

• Apple is currently trading at $161.63 following the release of EIA Short-Term Energy Outlook data from the United States.
• While flat so far today, Apple is on a 5 day bearish trend during which it lost $4.14 of its value.

United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. On the other hand, note that Apple is currently alternating around $160.73 with price action moving above and below this key level throughout the session.

Despite the market lacking direction, technical chart analysis strongly suggests Apple is positioned for a downward move in the near term.

United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.

Microsoft is down to $283.8, losing 1.93%, after ending yesterday at $289.39. Accenture plc Class A (Ireland) is trading at $286.95 after ending yesterday's session at $281.68 (up 1.87%). Intuit is down 1.15% from the beginning of the session and now trades around $439.59.

The stock has been trending positively for about a month. The mobile and tech colossus is up 29.6% from the significant low of $125 it hit 3 months ago.