Source: FX Empire
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
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
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
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
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
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 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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