AI Memory Boom Sparks Global Chip Supply Crunch 
How AI prompting turned writerly description into an everyday skill 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
How Donald Trump has changed the way diplomacy is done 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Today’s space race could turn fatal if we don’t agree on new rules 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
 - EconoTimes)
Energy is showing some signs of life amid weaker dollar. Weekly performance at a glance in chart & table
- Oil (WTI) - WTI is continuing its post FOMC rally. Weaker dollar continues to improve appeal of US crude amid oversupply. Today's inventory report showed another solid gain in inventory of 8.17 million barrels much higher than expected 5.13 million barrels. However gain is little lower than previous 9.62 million barrels. WTI has shrugged off the inventory report. It is currently trading at 48.1, up 1.33% today. Price target is coming around $51/barrel and $54/barrel. Immediate support lies at 42, 38 and resistance at 48.3, 53.
- Oil (Brent) - Possibilities of Iranian supply is weighing on Brent. Brent-WTI spread tightened, trading at $ 7.2/barrel, might go further down as it broken the support at $8/barrel. Last week it traded close to $11.5/barrel. Brent is trading at $55.5/barrel, up 0.35% today. Immediate support lies at 52.5, 48, 45 & resistance at 58.4, 62.
- Natural Gas - Natural gas is the worst performer today and this week however still trading within its range. Approaching summer is weighing on price. Natural Gas is currently trading at 2.73/mmbtu, down -1.80% today. Immediate support lies at 2.65, 2.55 & resistance at 2.91, 3.02.
|
WTI |
3.29% |
|
Brent |
0.43% |
|
Natural Gas |
-1.94% |
