Oil prices closed slightly higher in choppy trading, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.
The last session saw the Oil gain 0.6% against the Dollar. The MACD is giving a negative signal.
Support: 66.312 | Resistance: 70.722
Walt Disney shares surged after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025.
Bitcoin broke through the $90,000 level, as its rally showed no signs of easing. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs, reaching over $93k.
The Bitcoin-Dollar pair skyrocketed 3.2% in the last session. The Stochastic-RSI indicates an overbought market.
Support: 80920 | Resistance: 102322
The U.S. dollar advanced to one-year high against major currencies powered by so-called Trump trades and after U.S. inflation for October came in as expected, suggesting the Federal Reserve will continue lowering interest rates.
Gold prices extended losses for the fourth straight session, weighed down by a stronger dollar and elevated bond yields on news that October U.S. consumer prices increased as expected.
The Gold fell 0.6% against the Dollar in the last trading session. According to the Stochastic-RSI, we are in an oversold market.
Support: 2525.7 | Resistance: 2648.4
Wall Street’s main indexes fell as investors booked profits following post-election gains over the past few days, while focus moved to key inflation data later in the week. Some of the stocks expected to perform well under Donald Trump’s presidency gave back gains.
