FxWirePro- Crypto Weekly Alpha: ETF Rebounds, L2 Rallies & Key Resistance Levels 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
What is Zionism? The different meanings of a contested term 
FxWirePro- Crypto Weekly Alpha: ETF Rebounds, L2 Rallies & Key Resistance Levels 
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears 
Europe can’t achieve space sovereignty alone. Here’s why 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded 
Who should own the knowledge that underpins AI technology? 
Add as a preferred source on Google
Price Surge Following Inventory Report
Crude oil prices are trading higher after the latest U.S. crude inventory numbers, reaching a peak of $70.63 and currently sitting around $70.68.
Significant Drop in U.S. Crude Inventories
Recent data reveals a substantial decrease in U.S. crude oil inventories, with a decline of 4.237 million barrels for the week ending December 27, 2024, surpassing expectations. As of December 13, 2024, total inventories were about 814 million barrels, indicating a slight yearly increase. This sharp decline points to increasing demand for crude oil, suggesting higher prices could be on the horizon, which may also impact gasoline and other petroleum product prices.
Resistance and Support Levels for Crude Oil
Crude oil is encountering significant resistance at $71.50; breaking this level might increase prices to $72.60 or $73. On the other hand, if prices dip below the near-term support around $70, targets could drop to $69, $68, or even $66.60. Current market indicators lean towards a bearish trend, with a suggested trading strategy to buy on dips around $70 and set a stop-loss at $69, targeting a price of $72.50.
