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On March 29th, it was learned from the Beijing Financial Regulatory Bureau that Beijing has taken the lead nationwide in launching the development and application of commercial insurance products for intelligent connected new energy vehicles. The new products largely follow the existing new energy commercial vehicle insurance system, adhering to the principle of "overall stability with partial optimization." They primarily provide risk protection for specific intelligent driving scenarios and software/hardware losses that are of concern to consumers and automakers, and can be uniformly adapted to all levels of intelligent connected new energy vehicles from L2 to L4. For example, existing car insurance products mainly define drivers based on the basic scenario of "human driving," which is not fully applicable to L3 and L4 level "human-machine co-driving" or "machine driving" scenarios. Furthermore, for L2 level assisted driving vehicles, some consumers upgrade their assisted driving systems at their own expense after purchasing a new car, but existing car insurance products do not cover this portion of the loss, requiring further optimization.According to Iranian state media, Iranian Parliament Speaker Qaribaf stated that the United States talks about negotiations in public but is secretly planning a ground offensive.On March 29, local time, a U.S. military KC-135R aerial refueling tanker encountered an emergency during a mission and was forced to return to Tel Aviv, Israel.The Israel Defense Forces have detected another ballistic missile launch by Iran. Alarms are expected to sound in southern Israel within the next few minutes.On March 29, South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol stated that if international oil prices rise to $120 to $130 per barrel, the government is likely to activate a Level 3 resource security crisis alert, and the vehicle license plate number restriction measures will be expanded to include the private sector.

Crude Oil Price Prediction: The Markets are Still Grinding

Alina Haynes

Jul 21, 2022 11:51

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On Wednesday, the price of West Texas Intermediate Crude Oil first declined before turning around and beginning to rebound. As a result, the market has demonstrated its propensity to keep attempting to go higher, with the 50 Day EMA currently hovering just above the $105 mark. If you are bullish, I believe that is a plausible objective because the uptrend line is located there as well. You would need to pay great attention to it since I believe that will be a very tough place to break above. On the other side, it's likely that we would try to hit the $90 level if we were to break down below the 200 Day EMA once more.

 

Additionally, during the day, Brent markets started off in the red before beginning to show signs of life. Finally, if we are able to break above the 50 Day EMA, there is a chance that an effort to break out to much higher levels, maybe the $113 level or even higher, will be made. Even with everything being equal, this is a scenario that needs a lot of attention.

 

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It's feasible that we might fall to the $100 level if we decline below Tuesday's session lows. The one constant in the oil market is that there will be considerable volatility. In light of this, it is important to pay strict attention to position size because volatility in many markets, including this one, can occasionally spiral out of control.


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