Major Support at 64.835: The market for OIL has found significant support at the level of 64.835. This support level indicates an area where buying interest outweighs selling pressure, leading to a potential reversal or a pause in the downtrend. It suggests that there is a strong demand for crude oil around this price level,…
Market Resistance at 19,437: Resistance levels in technical analysis represent areas where the price of an asset tends to encounter selling pressure, preventing it from rising further. In this case, the HK50 index has reached a resistance level at 19,437. This suggests that market participants have been actively selling the index around this price level,…
The SP500, one of the most widely followed stock market indices, is a key indicator of the overall performance of the U.S. financial market. On May 16, 2023, investors were closely monitoring the movement of the SP500 to gather insights into market trends and potential trade opportunities. In this article, we delve into the performance…
