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According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending December 9, crude oil speculators reduced their net short positions in WTI crude oil by 38,888 contracts to 12,038 contracts.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending December 9, COMEX gold speculators increased their net long positions by 4,829 contracts to 124,637 contracts. COMEX silver speculators increased their net long positions by 6,724 contracts to 27,978 contracts.December 20th - Mixue Ice Cream announced the official opening of its first US store, located at 6922 Hollywood Boulevard, Los Angeles.On December 20th, at the Moore Threads 2025 MUSA Developer Conference, in addition to the new "Huagang" architecture and the Huashan chip, Moore Threads also unveiled its Lushan graphics chip. Lushan is a high-performance graphics rendering chip built on the Huagang architecture, promising a 15x improvement in AAA game rendering, a 50x improvement in ray tracing performance, an 8x improvement in atomic memory access performance, and a 4x improvement in video memory capacity. AI rendering performance is improved by 64x, geometry processing performance by 16x, and texture fill performance by 4x. Besides supporting gaming, it also supports rendering for all CAD, CAE, and other graphic design applications.According to Business Insider, Google has warned some visa holders against leaving the United States, as their return home could face “significant” delays of up to a year.

S&P 500 Price Forecast – S&P 500 E-mini Testing a Major Trend Line

Jimmy Khan

Dec 02, 2022 16:25


Technical Analysis of the S&P 500

Following the release of the PCE statistics, which showed a 0.3% month over month increase, the S&P 500 E-mini contract had some bumpy trading on Thursday. As we test the big downtrend line that we have been heading toward for some time, the market is still still likely to experience significant volatility.


Additionally, you should keep in mind that the Friday release of the jobs report will undoubtedly have an impact on this market and may lead to significant volatility. Pullbacks at this time make some sense, but if that number is a little disappointing, we might potentially see a significant breakout.


The 200-Day EMA, which is currently at the level of 4024, ought to provide dynamic support. I believe it is highly likely that we would decline to the 3950 level if we were to break down below that level.


Remember that we might be witnessing the start of the "Santa Claus rally," which occurs at the end of the year when money managers attempt to sell their books to make up for mistakes made over the year. It is still up for debate as to whether or not it will actually transpire because it is not required.


Jerome Powell played a significant role in yesterday's events because of his speech's balance, which Wall Street naturally saw as being exceptionally dovish. We've seen this before, and usually what happens is that US markets will rise briefly before falling back again.

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