EUR/USD 1.17476
0.475%
Gold 4690.80
2.926%
Oil 93.338
-6.565%
USD/JPY 156.383
-0.957%
GBP/USD 1.35924
0.400%
GBP/JPY 212.519
-0.580%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to CNBC: As Apple (AAPL.O) increases its investment in artificial intelligence, its R&D spending reached 10.3% of revenue in the quarter ending in March.South Koreas foreign exchange reserves stood at $427.88 billion in April, compared with $423.66 billion in the previous month.The Governor of the Bank of Canada (testifying before the Senate) stated that once the governments fiscal update measures are taken into account, the inflation forecast in the July monetary policy report will not change significantly.Chicago Federal Reserve President John Goolsby said on Wednesday that the war in Iraq increasingly appears to be an inflationary shock to the economy. While the impact on employment and economic growth is not yet apparent, concerns about supply chain disruptions and persistently rising prices are intensifying. “This is not a stagflation shock,” Goolsby said after attending a Milken Institute conference in Los Angeles—the kind that hits the job market while pushing up inflation, forcing the Fed to decide which of its policy objectives is at greater risk. “It’s just an inflationary shock. And the longer this continues, the more uneasy I become.”On May 7th, Arm (ARM.O) predicted its first fiscal quarter revenue would reach $1.26 billion, exceeding market expectations of $1.25 billion, driven by the increasing adoption of its chip technology amid massive investments in artificial intelligence computing by tech companies. Arm CEO Rene Haas stated, "We are very bullish on demand from data centers," adding that "data center-related royalties saw considerable growth this quarter." Earlier this year, Arm released the AGI CPU, a data center chip designed to handle the large-scale computing required for specific types of AI. The company said on Wednesday that it has secured $2 billion in customer demand for the processor in fiscal years 2027 and 2028.

U.S. crude oil trading strategy on October 5: OPEC+ releases positive, but we still need to be wary of overbought signals!

Oct 26, 2021 10:58

On Tuesday (October 5), US crude oil rose slightly. The news of short-term OPEC+'s gradual increase in production is expected to continue to ferment, but at the same time, overbought signals suggest that there is a risk of correction. It is recommended that conservatives wait and see, and radicals continue to buy more on dips.


Daily level: OPEC+ agreed on Monday to stick to the existing agreement and gradually increase oil production. This news caused oil prices to rise rapidly.

The positives in the day are expected to continue to ferment, but the general risk aversion is not conducive to rising oil prices.

Technical indicators are mixed. The moving average system is long. MACD maintains the golden cross, but the RSI has overbought signals, suggesting a callback risk. It is recommended that conservatives wait and see, and activists continue to buy more on dips.

The upper resistance level focuses on the October 4 high of 78.38, and further attention is paid to the 79 mark and the 80 psychological mark.

Below support levels focus on the 5-day moving average 76.17, and further focus on the 10-day moving average 74.98 and the September 15 high of 73.14.

(U.S. crude oil daily chart)

Resistance levels: 78.38; 79.00; 80.00
Support levels: 76.17; 74.98; 73.14

Short-term operating suggestions: conservatives wait and see, radicals do more on dips.

At 14:47 GMT+8, U.S. crude oil was quoted at $77.76 per barrel.

Suggestion