EUR/USD 1.15718
-0.139%
Gold 4704.57
1.201%
Oil 93.317
-0.982%
USD/JPY 158.323
0.380%
GBP/USD 1.34298
-0.004%
GBP/JPY 212.629
0.427%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 20 – With oil supplies constrained for the third consecutive week, buyers are forced to seek quick alternative sources, and offshore oil reserves, a crucial buffer, are rapidly dwindling. These reserves could decrease even faster if the US proceeds with Treasury Secretary Bessenters proposal to lift sanctions on Iranian oil shipments. Since the start of the war, crude oil and condensate in floating storage have been declining at a rate of 1.8 million barrels per day, one of the fastest declines in years. According to data intelligence firm Vortexa, these reserves currently stand at approximately 78 million barrels, about one-third of which originate from Iran. Goldman Sachs estimates that approximately 131 million barrels of Russian oil and 105 million barrels of Iranian oil are at sea, which will ultimately only offset the impact of a two-week supply disruption in the Strait of Hormuz. Vortexa analyst Emma Li stated that the Islamic Revolutionary Guard Corps could potentially profit significantly if all cargoes were sold as normal barrels. However, mainstream importers will still face constraints in terms of compliance, financing, and logistics, especially if exemptions are deemed temporary or uncertain.ECB Governing Council member Villeroy: France has very little room for maneuver in terms of budget.ECB Governing Council member Villeroy: Interest rate hikes will be decided at each meeting, depending on the specific circumstances.March 20 - Iranian Islamic Revolutionary Guard Corps spokesman Naini was killed in an attack on March 20 local time.Frances final fourth-quarter unadjusted monthly earnings rose 0.2% quarter-on-quarter, below the expected 0.20% and the previous reading of 0.20%.

S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

Skylar Shaw

Sep 30, 2022 15:09

微信截图_20220930150208.png

Technical Analysis of the S&P 500

Due to the continued strong downward pressure on stock markets, the S&P 500 E-mini contract has been quite bearish throughout Thursday's trading session. In the end, a lot of things are happening all around the globe, and the US dollar is strengthening. The S&P 500 won't do well in that climate, and neither will any other stock index, for that matter. I like fading rallies, and I also enjoy the notion of shorting those who do experience that break down below the 3600 mark.


The S&P 500 will likely have dropped below the 3500 level by then, which is a big, round, psychologically meaningful number. In the end, this is a market that, given enough time, should see a lot of volatility and, therefore, a lot of causes for people to feel uneasy. Nevertheless, bear market rallies have a reputation for being rather nasty, so an occasional snap to the upside is possible.


Given the market's continued exposure to a lot of outside unfavorable impact, they will almost certainly remain selling opportunities. Interest rates, global slowdowns, and a slew of other geopolitical concerns are all producing problems at the moment. In the end, I believe that in this situation, with enough time, we should see significant downward pressure. In light of this, maintain a manageable position size and refrain from going all in on each transaction you make. In a market like this, sound money management is essential.

Suggestion