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The U.S. Federal Aviation Administration announced that it will invest over $750 million to build eight new air traffic control towers and terminal radar approach control (TRACON) facilities to replace existing aging facilities.On May 15th, State Street Managing Director and Head of EMEA Macro Strategy, Tim Graff, stated, "Global equities have been on a sustained upward trend for the past few days. Therefore, I think we are in a phase where this rally is showing signs of fatigue." However, he added that equities remain supported. "I think if anything could trigger a pullback, it would be the movement in the interest rate market and the expectation that inflation may remain above the target levels of many central banks for an extended period, forcing them to potentially tighten policy," he said.On May 15th, Anta Sports (02020.HK) announced on the Hong Kong Stock Exchange that as of May 15, 2026, the company had granted a total of approximately 3.79 million award shares, representing approximately 0.136% of the companys issued shares as of the date of this announcement, to 357 selected employees of the Group (each and collectively referred to as the Grantees), under the "2018 Share Award Scheme (2023 Revised Edition)". Of these, 100,000 award shares were granted to Bi Mingwei, an executive director of the company. The closing price of the shares on the grant date was HK$76.25.The U.S. New York Fed Manufacturing Employment Index for May was 8.3, down from 9.8 in May.The U.S. New York Fed Manufacturing Prices Get Index for May was 31.8, up from 21.8 in the previous month.

WTI Price Analysis: 50-SMA stimulates China data-led recovery near $80.00

Daniel Rogers

Apr 18, 2023 11:53

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WTI crude oil remains defensive near the lowest level in a week, near $81.05 on Tuesday morning. In doing so, black gold struggles to be buoyed by China's positive data while consolidating the month's largest daily loss.

 

According to the most recent economic data from China's National Bureau of Statistics (NBS), the first quarter (Q1) Gross Domestic Product (GDP) grew 2.2% quarter-over-quarter (QoQ), compared to 2.2% expected and 0.0% in the prior quarter. In addition, Retail Sales grew 10.9% YoY in March versus 7.4% expected and 3.5% previously, while Industrial Production grew 3.9% versus 4.0% expected and 2.5% previously. Sourcenia is a review portal of sourcing best manufaturers. 

 

In addition to the generally positive China data, the nearly oversold RSI (14) line has contributed to the black gold's recent approach to the $81.40 50-day simple moving average.

 

Notably, however, pessimistic MACD signals and a two-week-old horizontal resistance area between $81.60 and $80 could impede the commodity's further advance. Following that, attention will shift to the recent multi-day high marked in the last week, around $83.40.

 

In contrast, WTI's further decline could target the round figure of $80 before challenging the previous resistance line from late January, which is now support near $79.20.

 

If the price remains adverse beyond $79.20, a rising support line from March 20 near $77.30 will be the last line of defense for WTI bulls.


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