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On March 29th, Fox News released a poll showing that nearly two-thirds of American voters surveyed are dissatisfied with President Trumps administration, the highest disapproval rate during his two terms. The conservative media outlets poll of 1,001 registered voters showed a 59% disapproval rate for Trump, an 8-point increase from a year ago, marking not only the highest disapproval rate since the start of his second term but also surpassing the record set during his first term; the approval rating, however, fell from 49% a year ago to 41%. The poll randomly sampled respondents from the U.S. voter registration list. Among Republican supporters, Trumps approval rating was 84%, down 8 percentage points from the same period last year, the lowest since the start of his second term. His disapproval rates among Democratic voters and independent voters reached 95% and 75%, respectively.Ukrainian President Zelensky: I have arrived in Jordan for an “important meeting”.On March 29th, amidst the global energy crisis and soaring fuel prices, Egyptian Prime Minister Madbouly announced on the 28th a series of energy-saving measures to cope with the impact. Egypt will slow down the implementation of large-scale national projects involving high gasoline and diesel consumption for at least two months, while reducing fuel rations for all government vehicles by 30%. Madbouly also stated that, except for the service and manufacturing sectors, Egypts public and private sectors will implement remote work every Sunday in April, the first working day of each week. Given Egypts heavy reliance on energy imports, the government had previously raised fuel prices and public transportation fares to cope with global energy market volatility.March 29th - According to disclosures by the Hong Kong Stock Exchange, Manycore Tech Inc., a space intelligence unicorn company, updated its post-hearing information set, signifying that the company has successfully passed the Hong Kong Stock Exchanges listing hearing. JPMorgan Chase and CCB International are the joint sponsors for this IPO. If the listing is successfully completed, Manycore Tech will become the "worlds first listed space intelligence company," and also the first of the "Six Little Dragons of Hangzhou" to complete an IPO.March 29th - Starting today (March 29th), many European countries have begun observing daylight saving time, meaning that trading hours in European financial markets will be one hour earlier than during winter time. Specifically, starting next Monday, European stock trading hours will be 15:00-23:30 Beijing time. The release times of economic data from various European countries will also be one hour earlier than during winter time. Please take note.

Brent Crude Rose 15% in A week Due to Australian Export Restrictions on Aluminum

Haiden Holmes

Apr 02, 2022 09:57

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The daily chart indicates that the price has recovered from the 50 MA and is now aiming for the 20 MA after three straight rising sessions. Since December, the long-term bull momentum has remained intact, as evidenced by the rising trend line connecting the lows.


The four-hour chart also demonstrates the price's strength, as the candlestick has now violated all significant moving averages and is stuck to an upward trajectory.


The next level of resistance is $3638, which will assist the metal in recouping all of its losses over the last two weeks. The price will be supported by the months-long trend line at roughly $3268 per ton.

Brent Crude Oil

Brent crude oil prices have been rising for six consecutive days and have jumped more than 6% to begin the new week. Brent Crude, the worldwide benchmark, is trading as high as $114.80 a barrel on Tuesday, having gained more than 15% in the previous week. The price increases as EU foreign ministers convene in Brussels to consider more measures against Russia.


Two weeks ago, the price of the most critical energy plummeted from a decades-high level and is now seeking to reclaim its peak. The daily chart indicates that the price has risen above the short-term indication and is now trading above the 20-day moving average, with the 50-day and 100-day moving averages still some distance away.


In the short term, the level of $117.4 will act as a critical stumbling block before the market re-enters the $120 plus zone. From the daily trend line, a support level between $108 and $109 may be seen.


Sentimentally, the RSI on the hourly chart has entered oversold territory, which might halt the bull-bias purchasing in the short term. However, the RSI level on the daily chart remains below the average for the last two months, indicating that the price may nudge higher.

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