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The Russian space agency said the spacecraft brought Russian and American astronauts back to Earth after completing their space mission.Conflict situation: 1. Houthi armed forces: The air defense system shot down a US MQ-9 drone that was performing a hostile mission in the airspace of Sanaa Province. This is the second MQ-9 drone that the air defense system successfully shot down within 24 hours, and the sixth this month. 2. People familiar with the matter: Israel still does not rule out the possibility of attacking Irans nuclear facilities. 3. This round of Palestinian-Israeli conflict has caused 51,157 deaths in the Gaza Strip. 4. The Israeli army airstrike in the central Gaza Strip killed at least 23 people. Other situations: 1. Yemeni people held large-scale rallies in many places including Sanaa to protest against the frequent air strikes on civilians by the US military in recent times. 2. The Iranian Foreign Minister met with the Italian Foreign Minister to discuss the situation in the Middle East. 3. The second round of indirect negotiations between Iran and the United States on the nuclear issue ended in Rome, Italy. The Iranian Foreign Minister said that the next round of negotiations will be held on the 26th, and the expert-level technical negotiations will be held in Oman next Wednesday (23rd).Conflict situation: 1. Russian Ministry of Defense: The M-46 towed artillery squad of the "Central" group of troops destroyed a hidden stronghold of the Ukrainian armed forces in the direction of the Red Army City. 2. The Russian army controlled Shevchenko and Oleshnya in the Kursk region in eastern Ukraine. 3. Putin announced a 30-hour Easter truce. Zelensky: Not enough, it is recommended to extend the ceasefire to 30 days. 4. Zelensky: The troops continue to operate on the territory of the Kursk region and hold their positions. The troops have advanced in Belgorod and expanded the area of control. Other situations: 1. British media comments: The mineral agreement cannot "buy back peace" for Ukraine. 2. The Russian president asked the government to draw up a list of people from unfriendly countries. 3. Ukrainian officials: The mineral agreement did not discuss the issue of US aid to Ukraine being converted into debt. 4. Russian Ministry of Defense: Russia and Ukraine have completed the exchange of 246 prisoners of war. The exchange of prisoners of war between Russia and Ukraine was mediated by the UAE.On April 20, Ukrainian President Zelensky posted on social media on the 19th local time that Russia has not responded to the proposal for a 30-day full and unconditional ceasefire for 39 consecutive days. If Russia suddenly expresses its willingness to join the full and unconditional ceasefire framework at this moment, Ukraine will respond in kind - how Russia acts, Ukraine will respond in kind. If a full ceasefire is truly achieved, Ukraine proposes to extend the ceasefire until after Easter on April 20. This will test Russias true intentions, because 30 hours is not enough to establish real confidence measures, and 30 days may create an opportunity for peace. Zelensky emphasized that according to the latest battle report of the Ukrainian commander-in-chief, the Russian armys assault operations are still continuing in some areas of the front line, and its artillery fire has not stopped. The Ukrainian army is always on high alert and implements equal countermeasures, and every Russian artillery shell will be fully counterattacked.Ukrainian President Zelensky: Ukraines air defense system is repelling attacks by Russian drones, which shows Putins true attitude.

WTI bulls near $92.00 resistance

Alina Haynes

Aug 19, 2022 11:53

101.png 

 

Black gold posted its highest daily gains in a month the day before, bouncing off the 61.8% Fibonacci retracement line of December 2021 to March 2022 upside, approximately $86.85 at press time.

 

The price stays below a convergence of the 21-DMA and a downward sloping resistance line from mid-June, $92.00. Stable RSI and sluggish MACD signals also show lack of rising momentum.

 

Before celebrating, crude oil purchasers should wait for a daily close above $92.00. After that, a run up to July's swing high above $101.00 is possible.

 

The important Fibonacci retracement level at $86.85 precedes the recent multi-month bottom around $85.40 to limit short-term WTI downside.

 

If energy bears keep reins below $85.40, the January 2022 high near $81.70 may act as an intermediate halt before sending prices to $80.00.