World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Today’s space race could turn fatal if we don’t agree on new rules 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
How AI prompting turned writerly description into an everyday skill 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
How Donald Trump has changed the way diplomacy is done 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Crude oil prices dropped sharply as supply concerns eased.It hit a low of $66.89 and currently trading around $68.18.
Oil prices have dropped sharply due to reduced tensions in the Middle East, especially after Israeli airstrikes on Iranian military sites that didn't hit oil infrastructure. On October 28, 2024, Brent crude fell to $71.93 per barrel, down from $76, while West Texas Intermediate (WTI) dropped to $67.38. This decline of about 6% was driven by fewer concerns over possible disruptions in oil supplies. Analysts believe the focus on military targets rather than energy facilities reassured markets. Overall, the situation suggests a potential easing of conflicts between Israel and Iran.
The US dollar index remains bullish, as does the US treasury yield, which is generally negative for commodities. Major resistance is at $68.65; breaching this level could push prices up to $70.50/$71.28/$72.50. A significant trend reversal would only occur if prices rise above $80.
Near-term support is around $68.65; if this level is broken, targets could drop to $68.45, $67, or $66. According to the 4-hour chart indicators, the ADX is bearish and the CCI is neutral at 50.
It may be wise to consider selling on rallies between $71.50 and $71.55, with a stop loss set at around $72.50 and a take-profit target of $67.
