SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
Gold Tumbles Below $4,400 on NFP Shock: Fed Easing Bets Crater, Sell on Rallies to $4,300 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
AI Memory Boom Sparks Global Chip Supply Crunch 
Crude oil prices showed a minor sell-off on the US economic slowdown and tariff concerns. It hit a low of $67.19 at the time of writing and currently trading around $67.28.
For the week ended March 7, 2025, U.S. crude oil inventories rose by 1.448 million barrels to 435.2 million barrels, approximately 5% lower than the five-year average. Cushing, Oklahoma, crude stocks fell, while refinery inputs rose to 15.7 million barrels per day at 86.5% capacity. U.S. imports of crude oil averaged 5.5 million b/d, and the less-than-anticipated inventory build can be positive for crude oil prices, depending on world market conditions. The EIA is projecting tightening global oil markets through mid-2025 with lower output in Iran and Venezuela
Price Resistance and Support Levels
The near-term resistance is around $68; any breach above this level could push prices higher to $69.10/$70/$70.60/$71.26/$72.11/$72.85/$73.06/$74.32/$75. On the downside, immediate support is at $67.20 violation below targets of $66/$65.50/$65.25.
It is good to sell on rallies around $69.25-30 with a stop-loss around $70.60 and a target price of $66.
