What does China’s host bid mean for the High Seas Treaty? 
Will a new border deal with the US open a backdoor into Kiwis’ personal data? 
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds 
Goldman Sachs Raises Oil Price Forecasts Amid Strait of Hormuz Disruptions 
Is dark chocolate healthier than milk chocolate? 2 dietitians explain 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
God on their side: how the US, Israel and Iran are all using religion to garner support 
Makemation: a Nollywood movie that shows AI in action in Africa 
How the war in Iran is already affecting UK farmers and food production 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Crude oil pared some of its gains after Chinese inflation data. It hit a low of $73.56 yesterday and is currently trading around $73.78.
China's inflation landscape has recently shown signs of weakness, with the annual inflation rate reaching 0.40% in September 2024, the slowest in three months.
Recent developments in the Middle East have heightened concerns over potential supply disruptions. U.S. President Joe Biden's comments regarding Israel's possible actions against Iran's oil facilities pushed WTI oil prices higher above $78.
US dollar index - Bullish
US treasury yield- bullish (negative for commodity market).
Major resistance- $74.62. Any breach above will take the commodity to next level $74.89/$75.50/$75.97/$76.20. Major trend reversal only above $80.
The near-term support is around $73.50, any violation below targets $72.50/$71.50/$70.90/$70/$69.
Indicators (4- hour chart)
ADX- neutral
CCI (50) - Bullish
It is good to sell on rallies around $75 with SL around $76.20 for TP of $70.90.
