Source: FX Empire
The Lebanese army is investigating the cause of a deadly explosion at a Hezbollah weapons and missile depot in southern Lebanon that killed six soldiers and wounded several others, Asharq Al-Awsat newspaper reported.
Tuesday, August 12, 2025
Hundreds of forged birth certificates were issued to Syrian and Palestinian children by local mukhtars in several areas across northern Lebanon. These certificates open a hidden door to illegal naturalization.
Monday, August 11, 2025
The decision of the Lebanese government on August 6 to officially endorse the state’s monopoly over weapons was an important milestone. Yet it was also incomplete, because it didn’t really address a dimension that has been largely overlooked in public statements, namely that, today, Hezbollah’s weapons are effectively controlled by Iran.
Thursday, August 7, 2025
Can Lebanon become a normal state again, one that makes decisions through state institutions and that respects its commitments in line with international laws? Can Hezbollah acknowledge that the “Axis of Resistance” is no more, and that it has no choice but to return to Lebanon and close the chapter of the “regional player?” Can the party agree to a lesser role for Lebanon if Iran agrees to a lesser role in the region in recognition of the new balance of power?
Tuesday, August 5, 2025
Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
Saturday, February 8, 2025
Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
Friday, February 7, 2025
Wednesday 17 April 2024 11:51:09
Early Wednesday trading shows oil prices down due to weak demand signals from China and rising U.S. stockpiles.
Oil prices declined in early trading on Wednesday, influenced by concerns over global demand triggered by economic stagnation in China and a potential increase in U.S. commercial oil stockpiles. Despite geopolitical tensions in the Middle East following Iran’s attack on Israel, the anticipated response has not escalated oil prices as expected.
Market analysts suggest that the situation might remain contained, with possible intervention from major oil producers like Saudi Arabia to stabilize global supply. In the U.S., an unexpected rise in crude inventories further pressured oil prices, reflecting broader economic uncertainties.
Meanwhile, China’s mixed economic indicators for March, showing weak domestic demand, add to the complexities affecting the oil and natural gas forecast, indicating a bearish outlook for energy prices in the near term.
On April 17, Natural Gas (NG) saw its price increase to $1.89, up by 0.80%. Currently trading just above its pivot point at $1.85, NG faces resistance levels at $1.94, $1.99, and $2.04. Surpassing these marks could reinforce a bullish outlook.
Conversely, if NG dips below its pivot, support might be found at $1.78, $1.72, and $1.68, where a breakdown could trigger a steeper selling trend. The 50-day Exponential Moving Average (EMA) at $1.91 and the 200-day EMA at $1.90 suggest that prices are hovering near a critical junction.
Staying above $1.85 is pivotal to maintain the current upward trajectory.
USOIL experienced a minor setback, trading at $84.77, down by 0.44%. Currently trading just above its pivot point of $84.68, USOIL faces immediate resistance levels at $86.63, followed by $87.63 and $88.53. Should the price advance past these markers, it could signal strengthening momentum. Conversely, if it dips below the pivot, support can be found at $83.62, $82.31, and $80.95, with a potential to intensify selling pressure if these levels are breached.
The 50-day Exponential Moving Average (EMA) is set at $85.33, suggesting slight bearish pressure as the price hovers below this level. Meanwhile, the 200-day EMA at $82.55 provides a longer-term bullish outlook, indicating that the overall trend may still favor the bulls. Traders should watch the $84.68 level closely; maintaining above this pivot could prevent a steeper decline and stabilize the price.
UKOIL trading at $89.48, marking a decrease of 0.554%. Positioned slightly below its pivotal level of $90.14, the commodity faces upcoming resistance at $90.92, with subsequent levels at $91.83 and $92.89. Should it surpass these thresholds, a bullish continuation could be indicated.
Conversely, support levels are established at $88.78, $87.64, and further down at $86.37. A drop below the pivot could intensify selling pressures. The 50-day Exponential Moving Average (EMA) stands at $89.80, nearly aligned with current pricing, while the 200-day EMA at $86.93 suggests an underlying bullish sentiment in the longer term. Maintaining above $90.14 is critical for continued upward momentum.
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