Oil prices climbed on worries that the escalating conflict in the Middle East could threaten oil supplies from the world’s top producing region, but a large build in U.S. crude inventories limited gains.
The Oil-Dollar pair made a minor upwards correction in the last session, gaining 0.2%. The Stochastic indicator is giving a negative signal.
Support: 641 | Resistance: 74.961
Investment outflows from the Fidelity Ethereum Fund exceeded $25 million on October 1, marking a new all-time high in daily outflows among all other United States-based spot Ether exchange-traded funds, excluding the Grayscale Ethereum Trust.
China’s stock markets have been on a tear since Beijing rolled out a flurry of stimulus measures last week and over the weekend to jolt the beaten-down market and revive a slowing economy. The blue-chip CSI 300 index closed up 8.48% to its highest level in more than a year.
The Australian dollar (AUD) reached new 2024 peaks, bolstered by China’s recovery and strong economic policy from the Reserve Bank of Australia.
Gold eased, taking a breather after a historic rally driven by U.S. monetary easing and heightened Middle East tensions, which put it on course for its best quarter since 2020.
The Gold-Dollar pair dove 1.0% in the last session. The MACD is giving a positive signal.
Support: 2657.8033 | Resistance: 2668.0233
About 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said. Oil and natural gas production losses fell for the second consecutive day after reaching a peak of 511,000 barrels on Wednesday.
