Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from U.S. crude inventories last week.
The Oil gained 0.7% against the Dollar in the last session. The Stochastic-RSI is giving a positive signal.
Support: 68.096 | Resistance: 71.966
UnitedHealth and Amedisys have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, as the deal faces close scrutiny from the U.S. Department of Justice. The extension comes more than a month after the DOJ and three U.S. states filed a lawsuit to block the deal.
Gold prices rose, driven by safe-haven demand in light trading after the Christmas holiday, as markets awaited signals on the U.S. economy under the incoming Trump administration and the Federal Reserve’s interest rate strategy for 2025.
The Gold gained 0.3% against the Dollar in the last session. The ROC is giving a positive signal.
Support: 2608.4 | Resistance: 2630.9
The U.S. dollar hit a five-month high against the Japanese yen on expectations the greenback would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation.
The Dollar-Yen price remained largely unchanged in the last session. According to the Williams indicator, we are in an overbought market.
Support: 156.35 | Resistance: 157.72
Ether’s price dropped to under $3400, erasing gains from the previous days. This movement followed a 4% decline in Bitcoin and triggered $34 million in liquidations of leveraged ETH longs. Investors grew more risk-averse as signs of weakness emerged in the United States job market.
Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices. MicroStrategy acquired 5,262 BTC between Dec. 16 and 22, pouring roughly $561 million into the asset.
The Bitcoin-Dollar pair fell 1.6% in the last session after gaining as much as 1.3% during the session. The ROC is giving a positive signal.
Support: 87909 | Resistance: 98991
