EUR/USD 1.17704
-0.121%
Gold 5173.06
-1.057%
Oil 66.648
0.633%
USD/JPY 155.231
0.367%
GBP/USD 1.34817
-0.064%
GBP/JPY 209.276
0.307%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japan plans to strengthen its scrutiny of foreign investment, following the example of the United States by establishing a new agency to enhance economic security. The new agency will be modeled after the Committee on Foreign Investment in the United States (CFIB).February 24th, Futures News: Economies.com analysts latest view: Brent crude oil futures rose in the previous trading day, preparing to test the resistance level of $72.00. Brent crude oil futures continue to trade above the 50-day exponential moving average (EMA50), providing support for prices. Meanwhile, the main short-term bullish trend dominates, and prices are also moving along the trendline supporting this bullish channel. However, the Relative Strength Index (RSI) has shown a negative confluence signal after moving out of oversold territory, which may weaken its short-term upward momentum.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.7 occurred near Taiwan at 12:37 on February 24. The final result is subject to the official rapid report.February 24th, Futures News: Economies.com analysts latest view: WTI crude oil futures fell in a limited corrective move, while the Relative Strength Index (RSI) showed a negative signal, aiming to dampen previous momentum and re-establish a balance. This decline injected new buying momentum, paving the way for a return to the bullish trajectory, but did not change the main trend. Prices found strong dynamic support by trading steadily above the 50-day exponential moving average (EMA50), reinforcing the stability and dominance of the main bullish trend in the short term, especially as prices moved orderly along the trendline supporting this path. As long as prices hold these technical support levels, the bullish outlook remains valid, while a break below these support levels could indicate a deeper shift in the trend structure.February 24th - According to two sources familiar with the matter, White House officials are demanding commitments from tech companies that their data centers will not raise electricity prices or impose additional burdens on consumers. These measures include pressuring tech executives to sign non-binding agreements promising that their companies will cover the costs of building the necessary infrastructure to support their data centers. Sources indicate that Trump administration officials have already discussed signing such commitments with Microsoft, Google, and other companies.

Look at $79.68 on NYMEX crude oil

Oct 26, 2021 10:59

On Wednesday (October 6), US oil prices rose for the fifth consecutive day, and ICE Brent crude oil prices rose for the sixth consecutive day due to supply concerns. Investors were worried about energy supply and the crude oil market showed signs of tight supply. NYMEX crude oil looks at $79.68.

GMT+8 14:34, NYMEX crude oil futures rose 0.52% to 79.34 US dollars / barrel; ICE Brent crude oil futures rose 0.55% to 83.01 US dollars / barrel.


The two cities set a new high of US$79.48/barrel since November 10, 2014 and a new high of US$83.13/barrel since October 10, 2018. The Organization of Petroleum Exporting Countries and Russia’s partners (OPEC+) said earlier this week that they would stick to the existing agreement to increase oil production by 400,000 barrels per day each month, instead of further increasing production.

ANZ Bank said in a report: “Crude oil has expanded its gains because investors are worried that the energy crisis will push up demand and market supply is tight. Considering the global energy shortage, OPEC+'s growth rate is much lower than market expectations. Not surprisingly, people It is speculated that if demand continues to surge, OPEC will be forced to take action before the next scheduled meeting."

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74, breaking through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and ((3)) the 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in an upward ((v)) wave starting from $73.15, breaking through the 176.4% target of $79.36, and the upper resistance looks at the 185.4% target of $79.68. ((v)) Wave is a sub-wave of three upward waves that started at 67.58 USD.

Suggestion