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On September 17, local time on the 16th, it was learned that Ukrainian President Zelensky said he was willing to meet with US President Trump and Russian President Putin without preconditions, but he would not go to Moscow, the capital of the country that is attacking Ukraine. Zelensky also said that Russia is preparing two autumn offensives.On September 17, US President Trump said he spoke with Indian Prime Minister Narendra Modi, a move aimed at easing tensions between the two economies amid friction over tariffs and New Delhis purchase of Russian oil. Trump posted on social media that he had a "very good" call with Modi and extended birthday wishes. He added, "Hes doing a great job. Thank you for supporting the efforts to end the conflict between Russia and Ukraine!" The call came as the two countries resumed trade negotiations this week, with both sides describing the talks as positive and aimed at resetting bilateral relations after Trump imposed 50% tariffs on Indian goods last month. Earlier that day, Modi tweeted that India supports Trumps "initiative for a peaceful resolution of the conflict in Ukraine."On September 17, Scott Rubner, head of equity and equity derivatives strategy at Citadel Securities, said that the current rally that has pushed U.S. stocks to new highs may experience some volatility in the coming weeks, but is expected to end strongly before the end of the year. Rubner wrote that the S&P 500 has risen 17% from its low for the year, and short-term risks include overvaluation, seasonal fluctuations common in September and October, and possible selling by trend-following funds. However, these potential signs of weakness are unlikely to last, as the tailwinds supporting the stock markets rise - including corporate spending on artificial intelligence and demand from retail investors - will continue to power the market in the final months of 2025. "Stay positive on structural demand, but hedge against short-term risks, as September to October remains a fragile window," Rubner wrote, adding that investors should view short-term pullbacks as buying opportunities.European Commission President Ursula von der Leyen stated that Russias war economy relies on revenue from fossil fuels. To prevent this, the Commission will propose an accelerated phase-out of Russian fossil fuel imports.European Commission President Ursula von der Leyen: Discussed with Trump strengthening our joint efforts to increase economic pressure on Russia through additional measures.

Look at $79.68 on NYMEX crude oil

Oct 26, 2021 10:59

On Wednesday (October 6), US oil prices rose for the fifth consecutive day, and ICE Brent crude oil prices rose for the sixth consecutive day due to supply concerns. Investors were worried about energy supply and the crude oil market showed signs of tight supply. NYMEX crude oil looks at $79.68.

GMT+8 14:34, NYMEX crude oil futures rose 0.52% to 79.34 US dollars / barrel; ICE Brent crude oil futures rose 0.55% to 83.01 US dollars / barrel.


The two cities set a new high of US$79.48/barrel since November 10, 2014 and a new high of US$83.13/barrel since October 10, 2018. The Organization of Petroleum Exporting Countries and Russia’s partners (OPEC+) said earlier this week that they would stick to the existing agreement to increase oil production by 400,000 barrels per day each month, instead of further increasing production.

ANZ Bank said in a report: “Crude oil has expanded its gains because investors are worried that the energy crisis will push up demand and market supply is tight. Considering the global energy shortage, OPEC+'s growth rate is much lower than market expectations. Not surprisingly, people It is speculated that if demand continues to surge, OPEC will be forced to take action before the next scheduled meeting."

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74, breaking through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and ((3)) the 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in an upward ((v)) wave starting from $73.15, breaking through the 176.4% target of $79.36, and the upper resistance looks at the 185.4% target of $79.68. ((v)) Wave is a sub-wave of three upward waves that started at 67.58 USD.