November 2023 - Page 29 of 244 -

Crude Oil Futures: Extra Downside On The Table

Nov 28, 2023 Jeremy Parkinson Finance 0

Open interest in crude oil futures markets increased for the fourth straight session at the beginning of the week, now by around 4.5K contracts. Volume followed suit and rose by around 41.5K contracts amidst the broad erratic performance seen as of late. WTI: The 200-day SMA caps the upside so farPrices of WTI kicked off the week […]

Asian Stock: Huaming Power Equipment

Nov 28, 2023 Jeremy Parkinson Finance 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Huaming Power Equipment Company LimitedBloomberg ticker: 002270 SZMarket cap: US$1,715mBackground: Huaming Power Equipment Company Limited manufactures and sells power equipment and components. World Class Benchmarking of Huaming Power Equipment Profitable Growth rank of 2 was same compared […]

Natural Gas Forecast: Looks For Buyers Below

Nov 28, 2023 Jeremy Parkinson Finance 0

In the end, the natural gas market is at a crossroads, balancing between significant support levels and the potential for a winter-driven price surge. The natural gas markets commenced the trading week with a gap to the downside, presenting a scenario that puts significant support levels into focus. Notably, the 50% Fibonacci retracement level and an underlying […]

Silver Commentary – Tuesday, November 28

Nov 28, 2023 Jeremy Parkinson Finance 0

Weak USD Supporting SilverThe silver market continues to rally today with silver futures on track for their best month since March, currently up more than 14% from the month’s lows and more than 20% off the YTD lows. The move higher has largely been driven by the shift in the USD landscape. With the greenback […]

Stock Market Correction Coming Before The Santa Claus Rally

Nov 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Is a stock market correction coming before the Santa Claus rally at the end of the year?It is a fascinating turn in sentiment, given that investors were convinced of the bear market’s return just a month ago. Now, investors are “making their list and checking it twice.” Given the 10% advance over the past month, […]

Will Boston Scientific Corporation (BSX) Continue Further Upside?

Nov 28, 2023 Jeremy Parkinson Finance 0

Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions and offer remote patient management systems. It is based in Marlborough, US, comes under Healthcare sector & trades as “BSX” […]

The RBA May Take A Less Hawkish Stance

Nov 28, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay At Monday’s stock market close, the Dow Jones Industrial Average (US30) was down by 0.16%, while the S&P 500 Index (US500) was down by 0.20%. The Nasdaq Technology Index (US100) closed negative 0.07% on Monday.Monday’s US economic news was weaker than expected and was bearish for both the dollar and the broad equity market. October new home sales fell […]

Dogecoin Slips To 0.07700 And Shiba Inu Falls To 0.00000800

Nov 28, 2023 Jeremy Parkinson Finance 0

Dogecoin chart analysisYesterday, we saw a bullish impulse in the price of Dogecoin to the 0.08170 level. We encounter resistance in that zone and begin a pullback to the 0.07680 level. Additional pressure on the price is created by the fact that we fell below the EMA50 moving average. This could result in us seeing […]

EUR/USD Price Signals Buyers’ Exhaustion Near 1.0960

Nov 28, 2023 Jeremy Parkinson Finance 0

The EUR/USD price is trading in the green at 1.0948 at the time of writing. The pair is fighting hard to resume its rally as the US dollar remains bearish despite minor rebounds.Yesterday, the greenback took a hit from the US New Home Sales economic indicator which came in at 679K versus 724K expected and […]

FX Daily: Too Early For A Move Above 1.10

Nov 28, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth picture turns decisively negative. We keep favouring a dollar comeback in the near term. In New Zealand, the RBNZ may […]