Source: FX Empire
Security & Justice
State Action Signals Change in Tackling Longstanding Illegal Land Grabs in Jbeil District
For years, the serene villages of Jbeil's highlands have been far from peaceful. Ghabat, a Maronite village nestled between the predominantly Shiite towns of Afqa and Lassa, has become a focal point of growing tensions due to territorial disputes.
Friday, December 20, 2024
Mawlawi Ensures Strict Monitoring for Wanted Syrian Regime Figures at Beirut Airport
Caretaker Minister of Interior, Bassam Mawlawi, conducted an inspection tour of Rafic Hariri International Airport in Beirut to review the security arrangements and measures implemented by the Airport Security Apparatus ahead of the holiday season.
Thursday, December 19, 2024
Opinion
Lebanon After the Assads
The United States has important equities in Lebanon, including a desire for a generally friendly government’s economic and political stability; security cooperation; long-standing relations with the large Christian community in Lebanon and Lebanese diaspora in the United States; and ultimately peace between Israel and Lebanon within a broader regional settlement. Achieving these objectives will require navigating a tumultuous period in the country’s history following a war between Hezbollah and Israel that has devastated a large part of the country, exacerbating Lebanon’s already challenging economic conditions. But perhaps the most important dynamic will be how a likely Sunni-dominated state of uncertain composition in Syria will differ in its intentions toward Lebanon from the previous Alawite-led minoritarian Assad regime.
Thursday, December 19, 2024
Europe’s Syrian Dilemma
The news of the sudden and unexpected demise of Bashar al-Assad’s regime in Syria has met a mixed response in Europe. The jubilation that a murderous dictator and close ally of Russia and Iran has fallen is not just good for the Syrian people but serves as a morale booster for Eastern Europeans wondering whether Russia can be defeated
Wednesday, December 18, 2024
Sports
Cristiano Ronaldo Unveils New Private Jet Worth $73 Million
Cristiano Ronaldo, one of the richest global athletes, has unveiled his upgraded private jet reportedly worth $73 million. With its top-notch design, exceptional speed and range of 7500 nautical miles, the Gulfstream G650 is among the fastest jets in the world.
Monday, December 16, 2024
Guardiola Accepts Man City May Need to Sign More Players to Cope with Schedule
Manchester City manager Pep Guardiola believes he will need a bigger squad to handle soccer’s ever-expanding fixture schedule.
Saturday, December 14, 2024
Wednesday 20 March 2024 18:28:38
Crude Oil Price Forecast – Crude Pulls Back
Crude continues to be somewhat noisy, as we are pulling back in the early hours on Wednesday. This market is likely to continue to see a lot of upward pressure over the long term.
WTI Crude Oil Technical Analysis
The crude oil market has pulled back just a bit during the trading session on Wednesday, but quite frankly, I think we are a little overextended, and I think we also have to pay close attention to the fact that Wednesday is Federal Reserve Day. So, in the WTI grade of crude oil, I’m paying close attention to $80. It’s an area that needs to be held.
We’re nowhere near that, so I’m looking for an opportunity to get long yet again. I do think eventually we will go looking to the $85 level. It does make a certain amount of sense considering that we are in that time of year. We are getting ready to get the golden cross, where the 50-day EMA breaks above the 200-day EMA, and longer-term traders tend to like that.
Brent Crude Oil Technical Analysis
It looks like it will have plenty of buyers underneath in the Brent market I am keeping an eye on the area right around the $84.50 level This is a zone of support that I think just waiting to happen and therefore I like the idea of finding value on a pullback that I can take advantage of. Longer term, I think this is a market that could go to $90, possibly higher than that. Quite frankly, it’s more likely than not we will go higher than that.
Right now we have geopolitical concerns and tensions in the Middle East, and I would say a supply issue in general. Also, the Americans have emptied the Strategic Petroleum Reserve, so there are a lot of reasons to think that people are going to be buying oil. If central banks do in fact cut rates, that spurs economic growth as well. So, at this point in time, it looks very much like a buy on the dip market.
For a look at all of today’s economic events, check out our economic calendar.
