US stocks end lower weighed by oil

All of the three major US indexes closed in the red in a lackluster session, as falling oil prices hurt investors' sentiment, while poor US factory orders sent industrial and consumer-discretionary companies lower.

The Dow Jones Industrial Average shed 55 points, or 0.31%, to end at 17,737.00, the Nasdaq lost 0.46% to close at 4,891.80, whilst the S&P declined 0.32% to 2,066.13.

DJIA technical perspective

“Despite holding near its recently posted YTD highs, the DJIA seems to be losing upward steam, as in the daily chart, the Momentum indicator has turned south, and points to cross its mid-line into negative territory, while the RSI indicator is finally easing from extreme overbought readings, but remains above 70, pointing for a downward corrective move rather than suggesting a top has been reached,” said Valeria Bednarik, chief analyst at FXStreet. “In the shorter term, the 4 hours chart, however, additional declines can't be confirmed, given that the index is hovering around its 20 SMA, whilst the Momentum indicator has bounced from its mid-line and the RSI indicator hovers around 52.”

Support levels: 17,707 17,645 17,565. Resistance levels: 17,809 17,865 17,922.