EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 12th, the Israeli Prime Ministers Office announced via social media that Prime Minister Benjamin Netanyahu stated at the start of his weekly government meeting that Israel is closely monitoring the situation in Iran. That afternoon, Netanyahu convened consultations with his senior advisors and several ministers on security issues. The Israeli security cabinet is scheduled to hold a plenary meeting on the 13th.January 12th - Bond investors overall bets on the Federal Reserves policy path and the direction of the US Treasury market in 2026 appear to have room for further expansion. Last Fridays non-farm payroll report showed weaker-than-expected job growth, maintaining market expectations for further Fed rate cuts. This result confirms market expectations that short-term Treasury bonds (most sensitive to monetary policy) will outperform long-term Treasury bonds this year, widening the yield spread between the two. This strategy, known as the "steepening trade," was one of the most popular bond trades for most of last year and continues to work at the start of 2026. Pramod Atrouli, fixed-income portfolio manager at Capital Group, stated, "There are many scenarios over the next 12 to 24 months that are very favorable for the yield curve steepening trade." An analysis of 25 of the largest actively managed core bond funds by JPMorgan shows that, historically, these funds still have a high exposure to this trade.According to Iranian state media, Iran summoned the British ambassador after protesters tore down the Iranian flag from the Iranian embassy building in London.Market news: Home Depot and Google Cloud have jointly launched the Agentic AI tool to help customers and employees transform projects from "how to do it" to "completed".Domestic News: 1. The "Tianma-1000" unmanned transport aircraft successfully completed its maiden flight. 2. Shanxi Province issued consumption subsidies for home appliances and digital smart products in 2026. 3. Hong Kongs new budget will be announced on February 25. 4. China Securities Regulatory Commission (CSRC): Focusing on cracking down on major, malicious, and key illegal activities, and severely punishing all kinds of malicious illegal activities. 5. Chinese Embassy: Due to scheduling conflicts, Wang Yis planned visit to Somalia on January 9 has been postponed. 6. Wang Yi held a telephone conversation with the Somali Foreign Minister: Opposing Somalilands collusion with the Taiwan authorities to seek independence. 7. National Business Work Conference: In 2026, efforts will be accelerated to cultivate new growth points in service consumption and optimize the implementation of the trade-in policy for consumer goods. International News: 1. A curfew has been imposed in Narathiwat Province in southern Thailand. 2. Israeli forces are reportedly planning a new round of attacks on the Gaza Strip. 3. British officials: The possibility of Britain deploying troops to Greenland cannot be ruled out. 4. South Korean Presidential Office: Will investigate the truth behind North Koreas claim of a "drone intrusion" and release the results promptly. 5. Iranian President: The government endorses peaceful protests and is willing to meet with protest groups. 6. Danish Parliament Chief: It would be "foolish" to go to war over Greenland. 7. Israel demands the EU designate Irans Islamic Revolutionary Guard Corps as a "terrorist organization." 8. US Media: Trump received a briefing on options for striking Iran but has not yet made a final decision; the government is considering multiple options for intervention in Iran. 9. Trump again pressures Cuba, threatening that if Cuba does not reach an agreement soon, it will face a situation of "zero oil and zero funds" flowing into Cuba. 10. Iranian Parliament Speaker warns Trump that any attack would lead Iran to consider Israel and US bases in the region as "legitimate targets" and strike them.

WTI Price Analysis: Gains $78.00 in weekly rising wedge

Daniel Rogers

Feb 10, 2023 11:33

 截屏2022-09-22 下午4.38.10.png

 

After falling from a one-week high to the first daily loss in four on Thursday, WTI crude oil rises to $78.00 on Friday. Sluggish MACD signals and steady RSI may explain black gold's recent inaction (14).

 

Oil sellers remain optimistic following the previous day's pullback from the 61.8% Fibonacci retracement level of the quote's downturn from January 23 to February 03.

 

However, energy bears will need confirmation from the 200-Hour Moving Average (HMA) level of $76.96 after a clear break of the $77.30 support.

 

After that, the monthly bottom of $72.50 can buffer the south run to the December 2022 multi-month low around $70.30. The $70.00 round figure might push WTI sellers above $70.30.

 

WTI rebound might also target the $78.80 Fibonacci retracement obstacle again.

 

Even if the commodity crosses the $78.80 barrier, the wedge's top line, at least $79.30, will precede the $80.00 psychological magnet to challenge the quote's additional rise.

Suggestion