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Brent Oil Faces Pressure Amid Weak Demand And Geopolitical Concerns

Brent Oil Faces Pressure Amid Weak Demand And Geopolitical Concerns

Image Source: Pixabay  Brent crude oil prices have dropped to 71.41 USD at the beginning of the week, influenced by ongoing concerns over weak demand and geopolitical tensions. The fall in oil prices was somewhat mitigated by significant news from the Middle East, following the end of the Assad family’s five-decade rule in Syria. This political […]
Daily Market Outlook – Monday, Dec. 9

Daily Market Outlook – Monday, Dec. 9

Image Source: Unsplash  The Chinese mainland and Hong Kong markets have seen strong gains, and government bonds rose following a change in the politburo’s language regarding monetary policy, indicating that additional easing measures may be implemented to support the struggling economy. The benchmark 10-year yields declined by about 2bps to a record low of 1.935%. The […]
S&P 500 Steadily Coasts To New Record High

S&P 500 Steadily Coasts To New Record High

The prospect of more rate cuts once again boosted the S&P 500 (Index: SPX). The index closed out the trading week ending Friday, 6 December 2024 nearly a full percent higher than it did the previous week at 6,090.27. That’s a new record high close for the S&P 500.Although several Federal Reserve officials signaled they want to […]
BTC/USD Forecast: Bitcoin Continues To Test 100K

BTC/USD Forecast: Bitcoin Continues To Test 100K

After all, Bitcoin has been in an uptrend for some time, and I do think that the upside is still the correct direction, but you also have to keep in mind that the market has gone a long way to get to this area, so it as have to work off some of that excess […]
Broadcom Stock Unique Pattern Points To AVGO Hitting $200

Broadcom Stock Unique Pattern Points To AVGO Hitting $200

Broadcom stock price is hovering near its all-time high as its march towards the $1 trillion market cap intensified. AVGO was trading at $180, a few points below the all-time high of $186. It has rallied by almost 1,200% from its lowest level in 2020. Broadcom business is growingBroadcom is a giant technology company that provides […]
Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, December 9

Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, December 9

META Elliott Wave Analysis Trading LoungeMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 5 of (5).DETAILS: Looking for upside into at least MediumLevel 650$. As wave 3 was as long as wave 1 we could also expect an extended wave 5 of (5) taking us towards the […]
US Dollar Bid Returns After Solid Economic Data

US Dollar Bid Returns After Solid Economic Data

Image Source: Pexels  The US Dollar has made a comeback after the latest round of solid economic data out of the US including a slightly better than expected NFP print and above forecast Michigan sentiment read. Odds for a more aggressive Fed rate cut this month have come off the table as a consequence.Video Length: 00:01:10More […]
The NFP Report Increased The Likelihood Of A Fed Rate Cut Next Week

The NFP Report Increased The Likelihood Of A Fed Rate Cut Next Week

Image Source: Pexels  At the end of Friday, the Dow Jones (US30) was down 0.28% (for the week -0.63%). The S&P 500 Index (US500) was up 0.25% (for the week +0.83%). The Nasdaq Technology Index (US100) added 0.92% (up +3.10% for the week). The S&P 500 and Nasdaq indices set new record highs on Friday, helped […]
Gold Forecast: Gold Continues To See Supporters

Gold Forecast: Gold Continues To See Supporters

During my daily analysis of the gold market, the first thing that has caught my attention is that despite the fact that the gold market plunged overnight, there is most certainly quite a bit of support just below as we have seen over the last 2 weeks. In fact, one is interesting to me is […]
WTI Crude Oil’s Seasonal Strength Meets OPEC+ Challenges

WTI Crude Oil’s Seasonal Strength Meets OPEC+ Challenges

WTI Crude Oil demonstrates a compelling seasonal pattern between December and early March, historically yielding an annualized return of +39.26% over the last 25 years. The average gain of +7.85% during this period, coupled with a 72% win rate, highlights the winter season as a favorable window for oil price appreciation. Seasonal demand dynamics, particularly […]