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May 03, 2023
A tough start to the session saw price action reach a low of $93.85 before closing at $94.8.
- United States ADP Nonfarm Employment Change (Apr) is next.
Earlier data releases related to Oracle – United States JOLTs Job Openings (Mar) came out at 9.59 million, while a consensus of analysts was expecting 9.78 million. United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -3.94 million, while the previous figure was -6 million.
Technical analysis of Oracle before macro data is released:
Coming up for Oracle — United States Crude Oil Inventories is projected to outperform its last figure with -1.1 million, having previously been at -5 million. The figure will be published today at 14:30 UTC. United States Interest Rate is expected today at 18:00 UTC.
As the markets get ready for more data to be released — Cisco Systems closed at $46.36 (down 2.07%). Intel went down 1.75%, closed at $30.3. Salesforce closed at $193.84 (down 2%).
The stock has been trending positively for about a month. The enterprise IT company is up 55.35% from the significant low of $61.07 it hit 7 months ago.
