Oil prices settled down more than 2% to end last week as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. China’s oil refiners in October processed 4.6% less crude than a year earlier.
The Oil-Dollar pair plummeted 2.3% in the last session. The Ultimate Oscillator is giving a negative signal.
WTI/USD dove 2.3% in the last session.
Support: 64.446 | Resistance: 69.816
Nvidia’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and AI trade after an election-fueled rally. A nearly 800% run in shares of Nvidia over the past two years has propelled the company to the world’s top spot by market value.
Nvidia shares fell 2.0% in the last session. The Williams indicator is giving a negative signal.
Support: 137.27 | Resistance: 149.94
Non-fungible tokens saw a weekly sales volume of $181 million, fueled by significant gains in Bitcoin and other cryptocurrency markets. On Nov. 17, NFTs recorded a sales volume of $181 million over the last seven days. The data shows a 94% increase compared to the week before.
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
