Analytics

News, Trends, & Analytics 29.12.2021

US Crude Oil Inventories Incoming

Today the focus is on the US Сrude Oil Inventories.

 

Calendar

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

 

News

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

USD/JPY

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.

Cisco

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

Related posts
Analytics

News, Trends, & Analytics 02.04.2020

The American president warned US citizens of the coming difficult weeks and allowed an increase in mortality from COVID-19 to several hundred thousand.
Analytics

Weekly News 09.12–13.12.2019

Introducing the most complete review of the upcoming week from analysts Olymp Trade. It included both the news of the economic calendar and the world events that in one way or...
Analytics

Oil, much higher?

Oil received several powerful growth drivers, but their impact is limited.