Slow down? Following a four day winning streak, APA, Apache faltered yesterday; now hovering around $33.47

A quick look at yesterday: although APA, Apache increased from $33.41 to $34.2, the stock dropped back and is now priced at $33.47.

United States Building Permits is next.

Support/Resistance levels obtained from chart analysis indicate that APA Corporation is approaching key support, around 48 cents away from $33. 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 lost 1.37% yesterday and closed at $366.39.

Data to be released today might clear up some of the market fog as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -920,000 from the preceding figure of 5 million. United States New Home Sales (Apr) is scheduled for today at 14:00 UTC. United States Services PMI is expected today at 13:45 UTC.

Trending downwards for around a month. The hydrocarbon exploration company traded as high as $51.39 before shedding 30% lower over the past six months.