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OIL STEADIES NEAR $71 AFTER TWO-DAY RALLY

Brent Crude was trading 0.27% up at $70.60.

Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage.

Brent Crude was up 14 cents, or 0.2%, to $71.19 a barrel by 1028 GMT, reversing earlier losses. U.S. West Texas Intermediate (WTI) crude was up 8 cents, or 0.12%, to $67.62.

On the technical front Brent Crude , RSI Stood at 49.572, the current price is trading Above the Moving Averages 5 & 20. So, a Buy trade can be executed with the following target and stop-loss:

TRADE SIGNAL-Brent Crude– Buy: 70.20, TARGET:-80.20, STOP LOSS:- 65.20.

https://www.capitalstreetfx.com/en/oil-steadies-near-71-after-two-day-rally/
OIL DROPS AS HURRICANE IDA WEAKENS, OPEC IN FOCUS
Brent Crude was trading 0.17% up at $71.82.

Brent Crude was down 21 cents or 0.3% at $72.49 by 1020 GMT, having reached $73.69 earlier, the highest since Aug. 2. U.S Crude fell 50 cents or 0.7% to $68.24, having earlier touched $69.64, the highest since Aug. 6.

Brent Crude , RSI Stood at 51.139, the current price is trading Above the Moving Averages 5 & 20. So, a Buy trade can be executed with the following target and stop-loss:

TRADE SIGNAL-Brent Crude– Buy: 71.80, TARGET:-81.80, STOP LOSS:- 66.80.

https://www.capitalstreetfx.com/en/oil-drops-as-hurricane-ida-weakens-opec-in-focus/
MCDONALD’S, OTHERS CONSIDER CLOSING INDOOR SEATING AMID DELTA SURGE IN U.S.
McDonald’s Corp (NYSE:MCD) is trading up 0.22% at 237.48

Some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the spread of the Delta variant of COVID-19, according to franchisees.

On technical fronts McDonald’s Corp (NYSE:MCD) RSI stood at 49.36 and currently stock is trading below all Moving Average. So, SELL position can be taken with following target and stoploss:

TRADE SIGNAL – : McDonald’s Corp (NYSE:MCD) – SELL: 237.48, TARGET: 235.83, STOP LOSS : 239.20

https://www.capitalstreetfx.com/en/mcdonalds-others-consider-closing-indoor-seating-amid-delta-surge-in-u-s/
TOP 5 STOCKS TO WATCHOUT & TRADE TODAY – SEPTEMBER 3,2021

1. HYUNDAI

Hyundai Motors’ Genesis said on Thursday it would phase out all gas-powered cars by the end of the decade and that its luxury vehicles debuting 2025 onwards will run on fuel cells and batteries.

Genesis, which was launched as Hyundai’s standalone luxury division in 2015 to compete with premium brands such as BMW, Mercedes and Lexus, joins other auto majors who are doubling down on investments in electric vehicles.

The company, which accounts for just above 3% of Hyundai’s overall vehicle sales, said it would develop eight electric vehicle models with global sales expected to reach 400,000 units per year.

Hyundai Motor on Thursday unveiled Genesis’ first electric vehicle, the GV60, which will be released this year in South Korea and start deliveries in North America in 2022.

https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-trade-today-september-32021/
AMAZON TO PROACTIVELY REMOVE MORE CONTENT THAT VIOLATES RULES FROM CLOUD SERVICE

Amazon (NASDAQ:AMZN) is trading down 0.46% at 3463.12

Amazon.com Inc plans to take a more proactive approach to determine what types of content violate its cloud service policies, such as rules against promoting violence, and enforce its removal, according to two sources, a move likely to renew debate about how much power tech companies should have to restrict free speech.

Over the coming months, Amazon (NASDAQ:AMZN) will hire a small group of people in its Amazon Web Services (AWS) division to develop expertise and work with outside researchers to monitor for future threats, one of the sources familiar with the matter said.

It could turn Amazon, the leading cloud service provider worldwide with 40% market share according to research firm Gartner (NYSE:IT), into one of the world’s most powerful arbiters of content allowed on the internet, experts say.

Amazon made headlines in the Washington Post last week for shutting down a website hosted on AWS that featured propaganda from Islamic State that celebrated the suicide bombing that killed an estimated 170 Afghans and 13 U.S. troops in Kabul last Thursday. They did so after the news organization contacted Amazon, according to the Post.

On technical fronts Amazon (NASDAQ:AMZN) RSI stood at 60.12 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : Amazon (NASDAQ:AMZN) – BUY: 3463.12, TARGET: 3500.00, STOP LOSS : 3422.79

https://www.capitalstreetfx.com/en/amazon-to-proactively-remove-more-content-that-violates-rules-from-cloud-service/