Jobs Data and the Energy Trade Take Center Stage in the Week Ahead - Video - TheStreet

Jobs Data and the Energy Trade Take Center Stage in the Week Ahead

Oil and related stocks took a hit this week as OPEC voted to keep crude production levels intact, which will be a key focus in the Week Ahead.
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Oil and related stocks took a hit this week as OPEC voted to keep crude production levels intact, which will be a key focus in the Week Ahead. TheStreet’s Jill Malandrino explains how this continues to exasperate the oversupply situation. While it helps consumers with prices at the pump moving lower, it also has bigger economic and political implications traders will be watching. In the gold complex, gold is now back below $1,200 and traders will look to see if it can break through that level and hold before establishing new resistance areas higher. Jobs data continues to improve domestically with the unemployment rate at multiple-year lows, and markets will certainly be waiting in anticipation of the all-important non-farm payroll numbers to be released on Friday. Expectations are for continued improvement, but the key here is wage growth and the participation rate.