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Boeing (BA.N) said on November 16 that it will ensure its factories have the capacity to absorb higher production levels before further increasing aircraft output next year, highlighting the aircraft manufacturers cautious strategy after years of production setbacks. The company recently received approval from U.S. regulators to increase monthly production of its 737 aircraft from 38 to 42. Stephanie Popp, head of Boeings commercial aircraft business, said the companys current focus will be on "stabilizing" existing production rhythms before further increases in production.Boeing (BA.N): Before ramping up production again next year, it will ensure that its factories are ready to handle a higher proportion of aircraft production.According to the Financial Times, U.S. Trade Representative Greer is increasingly dissatisfied with the slow progress made by the European Union in reducing tariffs and regulatory barriers.Airbus: We expect the Middle East to need 4,080 passenger aircraft over the next 20 years, including 2,380 single-aisle aircraft and 1,700 wide-body aircraft.November 16th - According to two industry sources and data from the London Stock Exchange Group (LSEG), the port of Novorossiysk in Russia resumed oil loading operations on Sunday after a two-day suspension. LSEG data shows that the Suezmax tanker "Alan" and the Aframax tanker "Rhodes" are currently loading oil at the ports berths. Previously, a Ukrainian drone attack caused the Russian Black Sea port of Novorossiysk to suspend oil exports on Friday, prompting Transneft, the Russian oil pipeline monopoly, to suspend crude oil supplies to the export terminal. The attack damaged two oil berths at the port, temporarily disrupting port operations.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.

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