Investors are currently sidelined due to the Good Friday holiday but will return to their desks Monday. Looking back over the previous session Thursday: an influx of sellers pushed the industrial supplier to end the session lower around $641.66, while establishing a $637.42 to $648.57 session range Thursday.

Non Farm Payrolls in United States fell short of market expectations (239,000) with a reading of 236,000, continuing the decline from the previous figure of 326,000.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – United States Unemployment Rate improved upon its previous reading of 3.6 with a new data release of 3.5.

While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

W. W. Grainger chart analysis: W W Grainger Inc could begin to recover as it approaches significant support, now $5.13 away from $636.53. Dipping below could be an indication that further losses are ahead. With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $642.09, a low enough level to, generally, suggest that W. W. Grainger is trading below its fair value.

With market volatility ebbing, the current technical outlook indicates W. W. Grainger will remain range-bound for the immediate future.

W. W. Grainger was not the only decliner in the industrials sector; Caterpillar lost 2.04% Thursday and closed at $209.17. Deere & Company decreases 1.12% Thursday to close at $373.82.

On the other hand, positive performances could be seen by looking at other industrials stocks as Union Pacific gained 2.28%, as it traded at $198.64.

On a negative trend for around 29 days. A month ago US-based industrial supply company W.W. Grainger, reached a significant high of $700.4 but has consequently lost 7.73% since then.