China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Add as a preferred source on Google
Chinese stock market rout, which is continuing for fourth consecutive week and wiped out $3.2 trillion of market capitalization is hitting the commodity world hard.
- Comex copper has broken below $2.5/pound as Chinese stocks continued to drop in spite of several measures taken by China. Call was given to sell copper at $2.62/pound with stop around $2.65 and $2.68 with initial target of $2.51/pound and $2.4/pound as second target. Stop loss can be moved to $2.56/pound.
- WTI has broken the 8 week long congestion pattern to downside. WTI is currently trading at $53.3/barrel. As suggested in previous post first target is around $50-51/barrel area. Likely to drop further. Strategy will shift to sell resistance after first target gets hit. Second target is around $45/barrel and final target is at $35/barrel. Stop loss remains unchanged at $62/barrel.
Commodity currencies likely to drop further against dollar.
- Aussie has broken 0.75 area and likely to drift towards 0.715 as first target, 0.7 as second and 0.65 as final target. Stop loss should be maintained at 0.78 for the first two targets and 0.825 for the final one.
- As oil is likely to drop further, Loonie remains extra vulnerable against dollar. As of now it is likely to reach recent high of 1.285 against dollar. Strategy remains buy support.
