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On May 11, French President Emmanuel Macron, who was visiting Kenya on May 10, stated that France had "never considered" any "deployment" in the Strait of Hormuz. In response to plans by France and the UK to send additional warships to the Red Sea and the waters surrounding the Strait of Hormuz, Iranian Deputy Foreign Minister Gharibabadi posted on social media on May 10 that any external military deployment under the guise of "protecting shipping" would "no less exacerbate the crisis and militarize this crucial waterway." Only Iran can guarantee the security of the strait and will not allow any country to interfere.On May 11, following reports that Iran had responded to the US ceasefire proposal, Sultan Barakat, a professor at Hamad bin Khalifa University in Qatar, warned against expecting a swift breakthrough in negotiations. Barakat stated that a comprehensive peace agreement is still a long way off, and this should not be considered the end of the US-Iran conflict for an extended period. He pointed out that Iran has accumulated considerable resentment during the war; the deaths of its supreme leader and his family, numerous senior officials, and the immense destruction caused by the war have made it difficult for the Iranian people to trust the United States. However, both sides hope to extend the ceasefire as long as possible and use it as a starting point for gradually resolving various issues through negotiations. Barakat noted that Iran initially hoped for a comprehensive peace agreement but has now shifted to a phased approach. He speculated that Iran might want to restore navigation through the Strait of Hormuz and propose a joint oversight plan with the US.On May 11, according to the Iranian Students News Agency, the head of the Iraqi military media center responded to foreign media reports about the existence of Israeli bases in Iraq, declaring that the news was baseless and untrue.The Kingdom of Bahrain condemned Irans continued blatant attacks on the United Arab Emirates.US Ambassador to the United Nations: Iran cannot hold the world economy hostage.

E-Mini Dow: Expecting Choppy Trade Ahead of Apple Earnings

Cory Russell

Apr 28, 2022 10:28

Following yesterday's sharp sell-off, which was fuelled by fears of an economic slowdown, June E-mini Dow Jones Industrial Average futures are creeping up early Wednesday. Microsoft is assisting in reducing the impact of Tuesday's drop. After the bell, the business released results that topped expectations.


June E-mini Dow Jones Industrial Average futures are up 260 points, or 0.78 percent, at 06:23 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $332.29 on Tuesday, down $8.27 or 2.43 percent from its previous close.

On Both the Top And Bottom Lines, Microsoft Exceeded Expectations

Microsoft's stock soared as much as 6% in extended trading on Tuesday after the software giant reported fiscal third-quarter profits that above analysts' estimates and provided an upbeat forecast for the current quarter.


The Dow's Components Will Be More Volatile in the Future On Wednesday, Apple and Boeing will release their profits. Investors will also be looking for the latest information on weekly mortgage applications, foreign trade, and pending house sales on the economic front.

Technical Analysis of a Daily Swing Chart

According to the daily swing chart, there is a downward trend. The return of the decline will be indicated by a trade through 33081. The primary trend will shift upwards if 35413 is crossed.


There is a little downward tendency. The minor trend will be reversed if 34038 is crossed. The momentum will change to the upward as a result of this.


32086 to 35413 are the short-term ranges. The E-mini Dow is now trading near resistance from 33357 to 33750, which is the lower end of its retracement zone.

Technical Prediction on Daily Swing Chart

Early Wednesday, market response to 33357 will likely influence the direction of the June E-mini Dow Jones Industrial Average.

Possibility of Growth

The presence of buyers is shown by a persistent advance over 33357. Look for a burst through the short-term 50 percent mark at 33750 if this move is able to produce enough upward momentum. The E-mini Dow will be able to test the minor high at 34038 if it can break through this level.

A Pessimistic Prospect

The existence of sellers will be shown by a persistent advance beneath 33357. This might result in a retest of the 33081 low from yesterday.


The sellers have returned if you take out 33081. This might set the stage for a rapid drop to 32578, the next major low.

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