• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Price of WTI weakens inside a falling wedge, breaking below prior support near $82.00

Alina Haynes

Sep 29, 2022 11:54

 172.png

 

On Thursday's Asian trading session, the price of West Texas Intermediate (WTI) crude oil retreated from its four-month high, as bulls took a breather near $82.00. However, as of this writing, the price of black gold has fallen to $81.30 a barrel.

 

Thus, the quote weakened from the prior support line from September 07 while remaining within the monthly falling wedge bullish chart pattern.

 

Commodity prices are anticipated to extend their recent barrier around $82.00 in light of the recent higher RSI and bullish MACD indications.

 

In order for the quotation to continue rising, however, it must first confirm the wedge formation with a decisive break above $82.80 and then overcome the 100-SMA barrier near $83.55.

 

On the other hand, if a price decline occurs, it may test the $80.00 level again before reaching the weekly horizontal support near $78.00.

 

If the price of WTI crude oil falls below $78.00, it may test the recent multi-month bottom near $76.00 and the lower line of the mentioned wedge, at roughly $75.20.