Source: FX Empire
The Lebanese army has arrested several Syrian and Palestinian individuals suspected of involvement in the recent rocket launches from southern Lebanon toward Israel, a security source told Al-Hadath.
Sunday, March 30, 2025
Justice Minister Adel Nassar voiced satisfaction over the latest judicial appointments, insisting they were made without political interference or favoritism as he pledged to push ahead with long-awaited judicial reforms.
Sunday, March 30, 2025
On March 11, U.S. deputy special envoy for the Middle East Morgan Ortagus announced that the United States will be “bringing together Lebanon and Israel for talks aimed at diplomatically resolving several outstanding issues,” with various “working groups” focused on addressing “the release of Lebanese prisoners, the remaining disputed points along the Blue Line and the remaining 5 points where Israeli forces are still deployed.” This statement followed the sixth military-to-military meeting at the UN peacekeeping headquarters in Naqoura, which brought together Israel, Lebanon, the United States, and France.
Thursday, March 20, 2025
Hezbollah and its allies – Speaker Nabih Berri, former Minister Najib Mikati, and Hezbollah ministers in the previous cabinet – all signed the ceasefire agreement with Israel that ended the war and that stipulated that arms in Lebanon must be exclusively in the hands of six government military and security agencies. When this happens, according to the deal, Israel withdraws from Lebanese territories. Now Hezbollah is reneging on its ceasefire promise, moving the goalposts, and reversing the order by saying that Israeli withdrawal comes first, then it might consider disarming.
Wednesday, March 19, 2025
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Wednesday 17 April 2024 11:51:09
Early Wednesday trading shows oil prices down due to weak demand signals from China and rising U.S. stockpiles.
Oil prices declined in early trading on Wednesday, influenced by concerns over global demand triggered by economic stagnation in China and a potential increase in U.S. commercial oil stockpiles. Despite geopolitical tensions in the Middle East following Iran’s attack on Israel, the anticipated response has not escalated oil prices as expected.
Market analysts suggest that the situation might remain contained, with possible intervention from major oil producers like Saudi Arabia to stabilize global supply. In the U.S., an unexpected rise in crude inventories further pressured oil prices, reflecting broader economic uncertainties.
Meanwhile, China’s mixed economic indicators for March, showing weak domestic demand, add to the complexities affecting the oil and natural gas forecast, indicating a bearish outlook for energy prices in the near term.
On April 17, Natural Gas (NG) saw its price increase to $1.89, up by 0.80%. Currently trading just above its pivot point at $1.85, NG faces resistance levels at $1.94, $1.99, and $2.04. Surpassing these marks could reinforce a bullish outlook.
Conversely, if NG dips below its pivot, support might be found at $1.78, $1.72, and $1.68, where a breakdown could trigger a steeper selling trend. The 50-day Exponential Moving Average (EMA) at $1.91 and the 200-day EMA at $1.90 suggest that prices are hovering near a critical junction.
Staying above $1.85 is pivotal to maintain the current upward trajectory.
USOIL experienced a minor setback, trading at $84.77, down by 0.44%. Currently trading just above its pivot point of $84.68, USOIL faces immediate resistance levels at $86.63, followed by $87.63 and $88.53. Should the price advance past these markers, it could signal strengthening momentum. Conversely, if it dips below the pivot, support can be found at $83.62, $82.31, and $80.95, with a potential to intensify selling pressure if these levels are breached.
The 50-day Exponential Moving Average (EMA) is set at $85.33, suggesting slight bearish pressure as the price hovers below this level. Meanwhile, the 200-day EMA at $82.55 provides a longer-term bullish outlook, indicating that the overall trend may still favor the bulls. Traders should watch the $84.68 level closely; maintaining above this pivot could prevent a steeper decline and stabilize the price.
UKOIL trading at $89.48, marking a decrease of 0.554%. Positioned slightly below its pivotal level of $90.14, the commodity faces upcoming resistance at $90.92, with subsequent levels at $91.83 and $92.89. Should it surpass these thresholds, a bullish continuation could be indicated.
Conversely, support levels are established at $88.78, $87.64, and further down at $86.37. A drop below the pivot could intensify selling pressures. The 50-day Exponential Moving Average (EMA) stands at $89.80, nearly aligned with current pricing, while the 200-day EMA at $86.93 suggests an underlying bullish sentiment in the longer term. Maintaining above $90.14 is critical for continued upward momentum.
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