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According to an Asahi Shimbun poll: Japans cabinet approval rating rose 4 percentage points to 30%.Ukrainian President Zelensky: Ukraine will respond to silence with "silence" and respond to Russias attacks with attacks.1. This round of Israeli-Palestinian conflict has resulted in 51,201 deaths in the Gaza Strip. 2. Lebanon said that the Israeli armys attack on southern Lebanon caused one death and two injuries. 3. The Israeli army claimed to have killed a senior commander of Hezbollah in Lebanon. 4. According to the Jerusalem Post: The Israeli Security Cabinet will hold a meeting on Tuesday. 5. The Iranian Foreign Minister said that Iran-US talks must be extremely cautious. 6. The Iranian Foreign Minister: Israel is the only obstacle to the "denuclearization" of West Asia. 7. The Hamas delegation held talks with the Turkish Foreign Minister on a ceasefire in Gaza. 8. The Israeli army announced the results of the investigation into the attack on the Gaza ambulance convoy in March, admitting that there was a so-called "misjudgment". The Palestinian response: full of lies. On April 21, after 0:00 on the 21st local time, with the end of Easter, Russias 30-hour ceasefire officially expired and will not be extended. As of press time, neither Russia nor Ukraine has issued a statement on extending the ceasefire. Russian President Vladimir Putin said when meeting with Russian Chief of General Staff Gerasimov on the 19th that on the occasion of Easter on the 20th, the Russian army will stop all combat operations from 18:00 on the 19th to 0:00 on the 21st. Russia hopes that Ukraine will follow Russias example. Zelensky posted on social media on the same day, proposing to extend the ceasefire until after Easter on the 20th, saying that 30 hours is not enough to build real trust. On the 20th, Russian Presidents Press Secretary Peskov responded to questions raised by Russian media about the possibility of extending the ceasefire, saying "there are no other instructions." He said on the same day that Putin did not issue an order to extend the ceasefire.US President Trump hopes Russia and Ukraine can reach an agreement this week.

Crude Oil Price Prediction: The Markets are Still Grinding

Alina Haynes

Jul 21, 2022 11:51

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On Wednesday, the price of West Texas Intermediate Crude Oil first declined before turning around and beginning to rebound. As a result, the market has demonstrated its propensity to keep attempting to go higher, with the 50 Day EMA currently hovering just above the $105 mark. If you are bullish, I believe that is a plausible objective because the uptrend line is located there as well. You would need to pay great attention to it since I believe that will be a very tough place to break above. On the other side, it's likely that we would try to hit the $90 level if we were to break down below the 200 Day EMA once more.

 

Additionally, during the day, Brent markets started off in the red before beginning to show signs of life. Finally, if we are able to break above the 50 Day EMA, there is a chance that an effort to break out to much higher levels, maybe the $113 level or even higher, will be made. Even with everything being equal, this is a scenario that needs a lot of attention.

 

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It's feasible that we might fall to the $100 level if we decline below Tuesday's session lows. The one constant in the oil market is that there will be considerable volatility. In light of this, it is important to pay strict attention to position size because volatility in many markets, including this one, can occasionally spiral out of control.


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