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XPeng Group (09868.HK) rose 7%, with He Xiaopeng stating that L4 autonomous driving will be achieved within two years.May 28th, Futures News: Economies.com analysts latest view: Spot gold prices fell in recent trading after breaking below the key support level of $4,500 yesterday. Selling pressure persisted, with prices briefly dipping to near the $4,400 support level before a limited rebound, benefiting from improved momentum and easing of oversold conditions in the Relative Strength Index (RSI). Despite the brief rebound, the continued short-term downtrend and renewed downward pressure, coupled with gold prices remaining below the EMA50, limited any further short-term rebound opportunities.May 28th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices rose slightly, stabilizing near the $88 support level, which was our target price set in previous analysis. This provided some upward momentum, helping to recover some recent losses and temporarily restore balance. Crude oil prices are also attempting to alleviate the clearly oversold condition on the Relative Strength Index (RSI), especially with positive signals beginning to emerge. However, due to the strong downward correction wave dominating in the short term, with oil prices remaining below the 50-day moving average, downward pressure persists, and the possibility of a strong rebound in the short term is limited.On May 28, local time, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a symposium with US strategic and business leaders on the sidelines of the UN Security Council high-level meeting in New York on May 27. Wang Yi stated that the historic meeting between the Chinese and US heads of state in Beijing involved frank, in-depth, constructive, and strategic communication on major issues concerning China-US relations and world peace and development, reaching a series of important consensuses. Both sides agreed to define a "constructive strategic and stable relationship between China and the US" as the new positioning of bilateral relations, hoping to make efforts towards a direction of cooperation as the main focus, moderate competition, controllable differences, and a promising future of peace, jointly exploring the correct way for major powers to coexist in the new era. Wang Yi emphasized that "Taiwan independence" is incompatible with peace and stability across the Taiwan Strait. Only by adhering to the one-China principle and the spirit of the three China-US joint communiqués can peace across the Taiwan Strait be guaranteed and conflict and confrontation avoided. Wang Yi stated that China is willing to work with the US to implement the important consensus reached by the two heads of state and take concrete actions to ensure the "constructive strategic and stable relationship" is implemented as soon as possible. He hoped that everyone present would make positive efforts in this regard and promote a broader social consensus.On May 28, local time, on the 27th, Bagheri, Deputy Secretary of Irans Supreme National Security Council, stated that Iran is seeking the release of all Iranian assets frozen by the United States, saying, "This is the legitimate right of the Iranian people." He also emphasized that Iranian assets must be returned to Iran "fully and unconditionally."

S&P 500 Price Forecast – S&P 500 E-mini Contract Finds Support at 3600, at Least for Now

Steven Zhao

Oct 12, 2022 15:37

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Technical Analysis of the S&P 500

The S&P 500 has decreased somewhat during Tuesday's trading session as a result of the overwhelming criticism. Although we haven't broken down much, I believe that the inflation data coming out of the US this week will be the spark that everyone else is looking for. Since the Federal Reserve pays special attention to the CPI and PPI figures, if they turn out to be higher than expected, the stock market will almost certainly crash.


It's conceivable that the market will decline to the 3500 level if we do make a new, lower bottom. The 3500 level below is a big, round, psychologically important figure that could draw some attention, but I believe we also move below that level. The 3800 level, on the other hand, might be a big resistance level that will be challenging to break over if we turn around a rally at this point in time.


I do believe that it is likely just a matter of time until the sellers get involved, and I would be more than prepared to fade symptoms of tiredness as soon as they appear, as the 50-Day EMA is pushing near that region, adding more pressure. At this time, this market is still showing a lot of noisy behavior, and volatility is increasing, which makes the market very risky. Markets that are volatile are often not particularly profitable markets.