News, Trends, & Analytics 29.12.2021

US Crude Oil Inventories Incoming

Today the focus is on the US Сrude Oil Inventories.



15:30 UTC

US Crude Oil Inventories will be out. Forecast: -3.233M Brent may go down if the actual number is higher than the forecast.

Assets to trade: Brent



US President Joe Biden admitted that the measures currently put in place are not enough to manage Covid-19. Affects Gold

One of the major Chinese cities, Xi’an, reported the highest count ot Covid cases since the pandemic began. Affects Asia Composite Index

Wedbush, an international investment firm, commented that the demand for Tesla is expected to rise 30% in China next year. Affects Tesla


Technical Analysis


The uptrend that we saw form at the lower border of the range is now approaching the upper one.

As the US dollar keeps firming against the JPY, we are expecting USD/JPY to go up and reach the resistance level of 115.50.

S&P 500

The index is gaining back the bullish momentum. That makes us believe it will be aiming upwards at 4,900.


Since the second part of November, this stock has only been going up. If the trend continues, it will soon reach $65.

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