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November 14th - According to sources, Emirates Airlines is planning to use SpaceXs Starlink technology to upgrade its in-flight Wi-Fi service, despite not yet receiving government approval. The Dubai-based airline, one of the worlds most profitable carriers, has approximately 250 wide-body jets and has ordered over 300 more from Boeing and Airbus. The agreement is scheduled to be announced at the Dubai Airshow, which begins on Monday, according to sources. However, according to the company, the UAE is not currently among the countries authorized to use Starlink, so the deal will require a change in government policy. The internet service has also not yet been certified for use on Emirates iconic double-decker A380 aircraft.Tesla (TSLA.O) shares continued their pre-market decline, recently falling nearly 5%.November 14th - Even if the budget on November 26th is well-received by the market, political concerns in the UK could continue to weigh on the pound, Deutsche Bank FX strategist George Saravelos stated in a report. He believes that, in isolation, avoiding negative surprises in the budget would help the pound recover. However, lingering political risks will not allow the fiscal risk premium to be completely eliminated. These risks include the leadership challenge to Prime Minister Starmer. This uncertainty, along with the possibility that his successor might not prioritize fiscal discipline, could cause the risk premium to widen again.U.S. Labor Secretary Dremer: Hopefully, the September jobs data will be released next week.U.S. Labor Secretary Dremer: The September jobs report has been collected, but has not yet been processed.

U.S. crude oil trading strategy on October 5: OPEC+ releases positive, but we still need to be wary of overbought signals!

Oct 26, 2021 10:58

On Tuesday (October 5), US crude oil rose slightly. The news of short-term OPEC+'s gradual increase in production is expected to continue to ferment, but at the same time, overbought signals suggest that there is a risk of correction. It is recommended that conservatives wait and see, and radicals continue to buy more on dips.


Daily level: OPEC+ agreed on Monday to stick to the existing agreement and gradually increase oil production. This news caused oil prices to rise rapidly.

The positives in the day are expected to continue to ferment, but the general risk aversion is not conducive to rising oil prices.

Technical indicators are mixed. The moving average system is long. MACD maintains the golden cross, but the RSI has overbought signals, suggesting a callback risk. It is recommended that conservatives wait and see, and activists continue to buy more on dips.

The upper resistance level focuses on the October 4 high of 78.38, and further attention is paid to the 79 mark and the 80 psychological mark.

Below support levels focus on the 5-day moving average 76.17, and further focus on the 10-day moving average 74.98 and the September 15 high of 73.14.

(U.S. crude oil daily chart)

Resistance levels: 78.38; 79.00; 80.00
Support levels: 76.17; 74.98; 73.14

Short-term operating suggestions: conservatives wait and see, radicals do more on dips.

At 14:47 GMT+8, U.S. crude oil was quoted at $77.76 per barrel.

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