Latest Market News
Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]
Type : Bearish Momentum Key Levels:Resistance : 18.96 Pivot: 18.42 Support : 17.58 Preferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support […]
Type : Bearish Drop Key Levels:Resistance : 16.570 Pivot: 16.310 Support : 16.035 Preferred Case: On the H1, price is moving below the ichimoku cloud and within the descending channel which gives us a bearish bias that prices will drop to the pivot at 16.310 where the 78.6% fibonacci retracement , 61.8% fibonacci projection and […]
Restructuring, bankruptcy, buyouts… media outlets are swarming with different reports on the next steps Celsius may take. 453 Total views 3 Total shares Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy. According to a Friday report from the Wall Street Journal, […]
U.S. stocks rallied into the close on Friday with all three benchmarks finishing near their highs of the session as falling commodity prices and intensifying recession fears caused inflation expectations to moderate, helping stocks to post their first weekly gain in three. The S&P 500 SPX, +3.06% gained 116.42 points, or 3%, to 3912.15. The […]
Gold futures edged up on Friday, but posted a loss of 0.6% for the week, as copper prices suffered their largest weekly drop since June of last year. “Gold remains trapped in a range as traders await to see if the latest inflation reports will force the [Federal Reserve] into committing to more massive rate […]