Oil prices rose about 2% as investors returned for the first trading day of the new year with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth.
The Oil-Dollar pair skyrocketed in the last session. According to the CCI, we are in an overbought market.
Support: 69.939 | Resistance: 75.519
Ether exchange-traded funds hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally. The United States spot Ether ETFs reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December.
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
