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The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.

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Aluminium -2100 Copper -1600 Lead -125 Nickel -228 Zinc -75

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The U.S. dollar pushed higher in early European trade Friday ahead of Federal Reserve Chair Jerome Powell’s eagerly-awaited speech at the central bank’s Jackson Hole gathering, which could provide more clues on future policy tightening.

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CommodityResistanceSupport
Gold5189351510
Silver5571655061
Crude Oil7531.57408.5
Natural Gas751.6739.4
Copper680.7670.3
Zinc319.6315.2