Latest Market News
Type: Bearish ReversalKey Levels:Resistance:Pivot:Support:Preferred Case:Prices are at a strong resistance level. We see the potential for a dip from our Pivot at 115.303 in line with 23.6% Fibonacci retracement towards our 1st support at 114.537 in line with 78.6% Fibonacci retracement and daily ascending trendline. Prices are transcending through our bearish Ichimoku clouds, further supporting […]
Kimberly-Clark Corp. KMB, +2.52% said Friday that it has taken a majority stake in Thinx, a company specializing in washable, menstruation underwear. Thinx undergarments are made to absorb wetness and be reused. Terms of the transaction were not disclosed. Among Kimberly-Clark’s existing brands are Kotex, Depend and Poise. “Our investment in the success of Thinx […]
Baker Hughes BKR, +2.72% on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by […]
Gold futures fell on Friday, ending the week with a loss for the first time in four weeks. “What we’ve seen this year is a bid for gold put in early on,” especially through the month of February as the threat of invasion ramped up, said Adam Koos, president at Libertas Wealth Management Group. Now […]
It’s been an incredibly volatile week for markets, as traders react to the sad news of Russia invading Ukraine. We’ve seen big moves across the board given the large wave of risk aversion which has taken risk assets and higher yielding currencies lower and driven support for safe-haven assets such as gold, JPY and the […]
Type: Bullish ContinuationKey Levels:Resistance: 1975.3 Pivot: 1904.1 Support: 1890.5Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1904.9 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st support at 1975.3 in line with 100% Fibonacci Extension […]