China's Refining Industry Faces Major Shakeup Amid Challenges 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
FxWirePro: USD/CAD pauses decline,critical support lies ahead 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Urban studies: Doing research when every city is different 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
WTI chart on Trading View used for analysis
- WTI has breached the key $50 level to hit lowest since October 2017.
- The black gold was sold-off aggressively as markets remain skeptical ahead of the OPEC meeting next week.
- There are renewed concerns whether the OPEC will fail to deliver on the expected output cuts to stem the price declines and supply overhang.
- Also, increased cautiousness ahead of Friday’s Trump-Xi meeting on trade keeps the black gold on the defensive.
- Next bear target lies at 49.13 6th October 2017 lows. Further weakness could see 46.49 (Sept 2017 low).
- Immediate resistance is seen at 5-DMA at 50.85, Decisive break above 20-DMA to see some respite from bears.
Support levels - 49.13 (6th October 2017 lows), 46.75 (trendline), 46.49 (Sept 2017 low)
Resistance levels - 50.85 (5-DMA), 53.43 (50M SMA), 56.33 (21-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
