Source: FX Empire
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
FC Barcelona Fears First Team Star Will Be Banned From Playing, Reports SPORT
FC Barcelona is concerned that one of its main first-team stars will be banned from playing at the turn of 2025 because of issues related to his registration and Financial Fair Play (FFP) limits according to SPORT, which cited anonymous sources.
Friday, November 1, 2024
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Monday 29 January 2024 17:28:06
Crude Oil Price Forecast – Crude Oil Continues to Build Momentum
Crude oil markets pulled back just a bit during the trading session on Monday, but at this point in time there are plenty of buyers underneath that should continue to keep the crude oil markets afloat.
WTI Crude Oil Technical Analysis
The WTI crude oil market has pulled back a bit from the 50-day EMA on Monday and at this point in time it looks like we could reach the $75 level. The $75 level of course is an area where a lot of people will be paying close attention because it is a large round number, but it is also a 200 day EMA, which is an indicator that a lot of people pay close attention to as well. All things being equal, I like the idea of buying dips because it does offer value in a market that I think is trying to find enough momentum to the upside.
Quite frankly, it’s not until we break down below the $65 level that I think oil starts to fall apart. This is a buy on the dip type of market, and I think that continues to be a way to look at not only the WTI market but Brent as well.
Brent Crude Oil Technical Analysis
Speaking of Brent, Brent has found the $80 level to be a significant resistance. The 200-day EMA underneath offers support right along with the $80.50 level. All things being equal, continue to find buy on the dip attitudes here, then $90 above could be a target. On the downside, I believe that as long as we stay above $70, you remain more buy on the dip than anything else. This isn’t to say that the oil markets are going to suddenly take off or that they are going to be easy to deal with, because I do believe there is a lot of volatility just waiting to happen.
That being said though, I think finding value makes the most sense as we have a lot of concerns when it comes to the Red Sea attacks, whether or not the central banks around the world are going to loose monetary policy and therefore drive up industrial demand. But at the same time, we do have quite a bit of oversupply. So, I do think we continue to see volatility, but I also think we may have found the bottom.
