Though in the midst of a 4 day uptrend, gaining a total of 4.1%, ($28.75), Yesterday's session suggests run might be coming to an end — despite the risk-off mood, W. W. Grainger was range-bound between $673.2 to $679.28 and settled at $675.66.

Meanwhile, United States ISM Non-Manufacturing PMI (May) came out at 50.3, while a consensus of analysts was expecting 51.8. United States Services PMI released yesterday at 13:45 UTC with a figure of 54.9, while the previous figure was 53.6. United States Factory Orders fell short of the 1.1% projections, with new data of 0.4%.

A Bearish Harami chart pattern, which is a means of predicting reversals in bull markets. When a Bearish Harami is detected at the top of a prevailing uptrend, it is typically considered a bearish signal and a prelude to a potential trend reversal. W. W. Grainger's upper Bollinger Band® is at $692.34 which indicates a further downward move may follow. On the other hand, note that W. W. Grainger could begin to recover as it approaches significant support, now $2.87 away from $672.79. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts W. W. Grainger to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the industrial supplier is expected to attract significant bearish sentiment in the coming days.

W. W. Grainger was not the only decliner in the industrials sector; Boeing closed at $208.78 (down 2.13%). United Parcel Service closed at $167.85 (down 1.35%).

Looking ahead, ongoing depreciation may be prolonged as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.15 million from the preceding figure of 4.49 million.

Furthermore, United States EIA Short-Term Energy Outlook is expected today at 16:00 UTC.

On a negative trend for around a month. US-based industrial supply company W.W. Grainger, has managed to gain 21.46% so far this year despite trading at lows around $442.09 previously.