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On its first day of trading, Hong Kong-listed Tianxing Medical (01609.HK) opened at HK$288, a surge of over 192%, compared to its offering price of HK$98.5.On Tuesday, May 5, the Hang Seng Index opened down 150.13 points, or 0.58%, at 25,945.75; the Hang Seng Tech Index opened down 27.58 points, or 0.55%, at 4,949.12; the H-share Index opened down 38.04 points, or 0.43%, at 8,736.35; and the Red Chip Index opened down 8.68 points, or 0.2%, at 4,402.56.Hang Seng Index futures opened down 0.5% at 25,891 points, a discount of 197 points.May 5th - The China Federation of Logistics and Purchasing (CFLP) released the April China Bulk Commodity Price Index today (May 5th). The index showed that, influenced by improved supply and demand in some domestic industries and external factors, the index continued to rise in April, although the increase was narrower than the previous month, indicating that the bulk commodity market remained generally stable and continued its positive development trend. The April China Bulk Commodity Price Index was 132.1 points, up 1.7% month-on-month and 20.2% year-on-year. Among the 50 key bulk commodities monitored by the CFLP, 38 saw month-on-month price increases in April. Paraxylene, methanol, and polypropylene saw the largest increases, rising by 22.4%, 14.5%, and 11.8% respectively compared to the previous month.According to the Wall Street Journal, OpenAI CEO Sam Altman discussed spinning off the company’s robotics and consumer hardware division late last year.

WTI Price Analysis: Gains $78.00 in weekly rising wedge

Daniel Rogers

Feb 10, 2023 11:33

 截屏2022-09-22 下午4.38.10.png

 

After falling from a one-week high to the first daily loss in four on Thursday, WTI crude oil rises to $78.00 on Friday. Sluggish MACD signals and steady RSI may explain black gold's recent inaction (14).

 

Oil sellers remain optimistic following the previous day's pullback from the 61.8% Fibonacci retracement level of the quote's downturn from January 23 to February 03.

 

However, energy bears will need confirmation from the 200-Hour Moving Average (HMA) level of $76.96 after a clear break of the $77.30 support.

 

After that, the monthly bottom of $72.50 can buffer the south run to the December 2022 multi-month low around $70.30. The $70.00 round figure might push WTI sellers above $70.30.

 

WTI rebound might also target the $78.80 Fibonacci retracement obstacle again.

 

Even if the commodity crosses the $78.80 barrier, the wedge's top line, at least $79.30, will precede the $80.00 psychological magnet to challenge the quote's additional rise.

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