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On November 30th, three OPEC+ representatives indicated that OPEC+ is likely to maintain its first-quarter 2026 oil production levels at its Sunday meeting, a move that would moderate its efforts to regain market share amid growing market concerns about oversupply. Similar comments were made by other sources this week. The organization had been cutting production for years until April of this year, when eight member countries began increasing output to restore market share.November 30th - The 2026 national civil service examination for central government agencies and their affiliated institutions was held today. The Administrative Aptitude Test was held from 9:00 AM to 11:00 AM, and the Essay Writing Test was held from 2:00 PM to 5:00 PM. The 2026 national civil service examination plans to recruit 38,100 people, a decrease of 1,600 from last year. Although the number of recruits has decreased slightly compared to last year, the number of applicants has reached a record high. According to data released by the State Administration of Civil Service, 3.718 million people passed the qualification review by employing units, with a ratio of approximately 98:1 between those who passed the qualification review and the planned recruitment number.On November 30, Venezuelan Foreign Minister Silva issued a statement via social media on the 29th, strongly condemning the US governments actions that threatened Venezuelas airspace sovereignty, calling it a "colonial threat" and "illegal aggression," and announcing that the US actions had forced the suspension of flights for Venezuelan migrants to return home. The statement noted that US President Trump posted a message on social media that day attempting to exercise "illegal extraterritorial jurisdiction" over Venezuela, issuing "orders" over Venezuelan airspace. The Venezuelan government firmly opposes this, believing that it seriously infringes upon Venezuelas airspace sovereignty, territorial integrity, and aviation safety, and is a "hostile, unilateral, and arbitrary act" that violates the purposes and principles of the UN Charter.American Airlines stated that the aircraft affected by the Airbus software glitch have been repaired.Ukrainian President Volodymyr Zelensky will meet with French President Emmanuel Macron in Paris on Monday.

Stock Markets Await Massive Jobs Number

Skylar Shaw

Jul 07, 2022 14:39

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The US indexes seem to be doing very little during the Wednesday trading session, maybe keeping an eye on that enormous employment report on Friday.

Technical Analysis of the S&P 500

The S&P 500 fluctuated during Wednesday's trading day as a result of the ongoing commotion in the world. Since we will have to consider what the employment market may indicate to the Federal Reserve, it's not a tremendous surprise to imagine that the S&P 500 may be reluctant to go unduly aggressive in any way. After all, the Fed and its monetary policy actions are causing a lot of people to worry. The value of equities has decreased as they tighten monetary policy more.


Although I believe it's more probable than not that we'll float a bit higher, I believe the sellers will eventually come back. The subsequent move down may begin if we were to close below the candlesticks that represent the Friday, Monday, and Tuesday trading sessions. There might be really fascinating since that is an obvious short-term support level that people will be watching.


We may rise to the 3950 level, from where we had previously pulled back, if we were to break above the highs of both Tuesday and Wednesday. Additionally, the 50 day EMA is rapidly approaching that broad range, so I believe we are dealing with a situation where the upside is fairly constrained. You will need to exercise extreme caution in the latter days of this week because to the jobs ever, but I believe that given enough time, more negative is likely to surface.

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