Latest Market News

Apr 01
Sugar Futures (SBK2022), H1 Potential for Bearish Dip!

Type: Bullish BounceKey Levels:Resistance: 19.88Pivot: 19.59Support: 18.84Preferred Case: We see the potential for further bearish continuation from our Pivot at 19.59 in line 78.6% Fibonacci projection towards our 1st support at 18.84 in line with 61.8% Fibonacci retracement and 100% Fibonacci Projection . Our bearish bias is further supported by stochastic indicator where it is […]

Apr 01
HGK2022 (Copper Futures) | H1 Bullish Pressure

Type: Bullish PressureKey Levels:Resistance: 4.8270Pivot: 4.7060Support: 4.6830Preferred Case:Price is near pivot level of 4.7060 in line with 61.8% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.8120, in line with 138.2% Fibonacci extension and 61.8% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is […]

Apr 01
Michael Saylor: Financial markets are ‘not quite ready’ for Bitcoin bonds

“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin. Source: Cointelegraph

Apr 01
Biden to invoke Defense Production Act for minerals for EV batteries, White House says

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch

Apr 01
Binance wins dismissal of class action over 2018 tokens that tanked

The judge ruled domestic law doesn’t apply to Binance as it is not an exchange domestic to the U.S. and that the case was filed “too late”. Source: Cointelegraph

Apr 01
Biden will release more oil from Strategic Petroleum Reserve, White House says

Published: March 31, 2022 at 11:07 a.m. ET President Joe Biden plans to order the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, senior Biden administration officials told reporters on Thursday. Reports late Wednesday said Biden looked poise to order such a release. […]