\\n

\\n\",\"\\n

Dow Jones will open at 34,200 after four straight days of gains

\\n

(Last update 2:31am EST, April 17, 2021)

\\n

\\n

Dow yesterday at a glance – Dow Jones rallied 164 points and maintained at 34,200 level.

\\n

Visual analysis of the Dow's price graph shows Dow immediate resistance is around 34,300, nearest support level is at 33,000. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Dow Jones is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 34,400, This is a slight indication of a slowdown.

\\n

Overall, technical indicators suggest Dow has no obvious direction for the immediate future.

\\n

The Dow Jones started 2021 by gaining 10.56%.

\\n

\\n
\\n

Wall Street's three main indexes ended higher, with the S&P 500 and the Dow breaking closing records and booking their fourth straight week of gains https://t.co/4dIQmLiiHN pic.twitter.com/gFIl5pXhqZ

\\n

— Reuters (@Reuters) April 17, 2021

\\n

\\n

\\n\",\"\\n

S&P up slightly to 4,185.47 after starting the day at 4,170.42 (up 0.36%)

\\n

(Last update 2:31am EST, April 17, 2021)

\\n

\\n

S&P yesterday at a glance – after starting the session at 4,170.42 S&P spiked to 4,191.31, dropped back to starting point range, and rallied again to 4,185.47.

\\n

Visual analysis of the S&P's price graph shows S&P immediate resistance is around 4,194.27, nearest support level is at 3,768.47. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates the S&P 500 is in overbought condition. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 4,239.84 – a high enough level to usually suggest S&P is trading above its value.

\\n

Overall, technical indicators suggest S&P has no obvious direction for the immediate future.

\\n

The S&P 500 started 2021 by gaining 10.3%.

\\n

\\n
\\n

Wall Street's three main indexes ended higher, with the S&P 500 and the Dow breaking closing records and booking their fourth straight week of gains https://t.co/4dIQmLiiHN pic.twitter.com/gFIl5pXhqZ

\\n

— Reuters (@Reuters) April 17, 2021

\\n

\\n

\\n\",\"\\n

Apple is trading around $134.16 after losing 0.25% yesterday

\\n

(Last update 2:31am EST, April 17, 2021)

\\n

\\n

Apple yesterday at a glance – the sleek phone manufacturer slid down from $134.5 to $134.16, taking a 34 cents loss (0.25%). Trading volume was 84.92 million, below the daily average of 90.76 million.

\\n

The Chart visual study suggests Apple's nearest support level is at $116.36. In terms of trend indicators, we can see that at $133.65, Apple made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at $137.43, indicating a downward move might be next. On the other hand, note that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. The Relative Strength Index indicates Apple is in overbought condition, keep an eye out for a slowdown in gains.

\\n

Overall, looking at all the technical indicators, it seems Apple might be pointing down in the short term.

\\n

With a market cap of $2.25 trillion, The mobile and tech colossus started in 2021 by gaining 1.09%. So far this year it is under-performing the Nasdaq by 7.2%.

\\n

\\n
\\n

Wall Street's three main indexes ended higher, with the S&P 500 and the Dow breaking closing records and booking their fourth straight week of gains https://t.co/4dIQmLiiHN pic.twitter.com/gFIl5pXhqZ

\\n

— Reuters (@Reuters) April 17, 2021

\\n

\\n

\\n\",\"\\n

Facebook is trading around $306.18 after losing 0.53% yesterday

\\n

(Last update 2:31am EST, April 17, 2021)

\\n

\\n

Facebook yesterday at a glance – Mark Zuckerberg's company slid down from $307.82 to $306.18, taking a $1.64 loss (0.53%). Trading volume was 13.06 million, below the daily average of 18.70 million.

\\n

A study of Facebook's graph shows key levels to watch: nearest support level is at $293.54, while the closest resistance is at $313.09. In terms of trend indicators, we can see that although down today, it's worth noting that at $306.8 Facebook did peak above the 3 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook might start pointing upward in the short term.

\\n

With a market cap of $869.94 billion, Mark Zuckerberg's company started in 2021 by gaining 10.73%. So far this year it is outperforming the Nasdaq by 2.44%.

\\n

\\n
\\n

Wall Street's three main indexes ended higher, with the S&P 500 and the Dow breaking closing records and booking their fourth straight week of gains https://t.co/4dIQmLiiHN pic.twitter.com/gFIl5pXhqZ

\\n

— Reuters (@Reuters) April 17, 2021

\\n

\\n

\\n\",\"\\n

Amazon will open at $3,399.44 after gaining 0.6% yesterday

\\n

(Last update 2:31am EST, April 17, 2021)

\\n

\\n

Amazon yesterday at a glance – Jeff Bezos’s company went up to $3,399.44 and gained $20.44 compared to the $3,379 start of the day (0.6%). Trading volume was 3.19 million, around the average daily.

\\n

Important graph levels to look out for: Amazon immediate resistance is around $3,400, nearest support level is at $2,952. In terms of trend indicators, we can see that at $3,372.74, Amazon made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates Amazon is in overbought condition, Keep an eye out for a slowdown of gains. However, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $3,485.26 – a high enough level to usually suggest Amazon is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems Amazon is likely to continue pointing upward in the short term.

\\n

With a market cap of $1.71 trillion, The tech and retail multifaceted giant has started 2021 by gaining 4.22%. So far this year it is under-performing the Nasdaq by 4.07%.

\\n

\\n
\\n

Wall Street's three main indexes ended higher, with the S&P 500 and the Dow breaking closing records and booking their fourth straight week of gains https://t.co/4dIQmLiiHN pic.twitter.com/gFIl5pXhqZ

\\n

— Reuters (@Reuters) April 17, 2021

\\n

\\n

\\n\",\"\\n

Microsoft closes at $260.74 after gaining 0.48% during the session

\\n

(Last update 2:11am EST, April 17, 2021)

\\n

\\n

Microsoft yesterday at a glance – the software giant went up to $260.74 and gained $1.24 compared to the $259.5 start of the day (0.48%). Trading volume was 22.83 million, below the daily average of 26.05 million.

\\n

Important graph levels to look out for: Microsoft immediate resistance is around $261.25, nearest support level is at $236.94. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $264.25 – a high enough level to usually suggest Microsoft is trading above its value. In contrast, The Relative Strength Index indicates Microsoft is in strong overbought condition.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Microsoft.

\\n

with a market cap of $1.97 trillion, The iconic OS developer started in 2021 by gaining 14.77%. So far this year it is outperforming the Nasdaq by 6.48%.

\\n

\\n
\\n

Most characters on Netflix's "The Crown" are replaced by older actors as their characters age. Pip Torrens was able to remain as Tommy Lascelles, Queen Elizabeth II's private secretary, through multiple seasons. pic.twitter.com/K1AEelH4vf

\\n

— AP Entertainment (@APEntertainment) April 16, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Google, trading around $2,297.76

\\n

(Last update 2:12am EST, April 17, 2021)

\\n

\\n

Google yesterday at a glance – Google closed at $2,297.76 with no clear-cut direction and ranged between $2,306.44 and $2,284.45. Trading volume was 1.13 million, below the daily average of 1.38 million.

\\n

A study on Google's chart pattern shows Google's nearest support level is at $2,108.54. Momentum evaluation shows the Relative Strength Index indicates Google is in overbought condition, Keep an eye out for a slowdown of gains. Asset volatility analysis shows that the upper Bollinger band is at $2,336.55, indicating a downward move might be next.

\\n

Overall, the technical analysis suggests Google is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $1.55 trillion, The leading search engine company started 2021 by gaining 23.77%. So far this year it is outperforming the Nasdaq by 15.48%.

\\n

\\n
\\n

Most characters on Netflix's "The Crown" are replaced by older actors as their characters age. Pip Torrens was able to remain as Tommy Lascelles, Queen Elizabeth II's private secretary, through multiple seasons. pic.twitter.com/K1AEelH4vf

\\n

— AP Entertainment (@APEntertainment) April 16, 2021

\\n

\\n

\\n\",\"\\n

Tesla closes at $739.78 after gaining 0.13% during the session

\\n

(Last update 2:12am EST, April 17, 2021)

\\n

\\n

Tesla yesterday at a glance – After starting the day at $738.85, Tesla went up to $749.41 only to drop back to the starting point and close at $739.78. Trading volume was 27.64 million, below the daily average of 32.75 million.

\\n

An analysis of Tesla chart suggests Tesla's nearest support level is at $563. In terms of trend indicators, we can see that at $744.47, Tesla made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $768, indicating a downward move might be next.

\\n

Overall, technical indicators suggest Tesla has no obvious direction for the immediate future.

\\n

With a market cap of $710.08 billion, The trendy electric car company started in 2021 by gaining 4.49%. So far this year it is under-performing the Nasdaq by 3.8%.

\\n

\\n
\\n

Most characters on Netflix's "The Crown" are replaced by older actors as their characters age. Pip Torrens was able to remain as Tommy Lascelles, Queen Elizabeth II's private secretary, through multiple seasons. pic.twitter.com/K1AEelH4vf

\\n

— AP Entertainment (@APEntertainment) April 16, 2021

\\n

\\n

\\n\",\"\\n

Zoom is trading around $329.95 after losing 0.73% yesterday

\\n

(Last update 2:12am EST, April 17, 2021)

\\n

\\n

Zoom yesterday at a glance – the video communications platform provider slid down from $332.38 to $329.95, taking a $2.43 loss (0.73%). Trading volume was 2.42 million, below the daily average of 3.43 million.

\\n

Chart visual study suggests Zoom might start to recover soon because it is getting closer and is now only $21.56 from the support line at $308.39, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that although down today, it's worth noting that at $328.28 Zoom did peak above the 10 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. On the other hand, note that the upper Bollinger band at $340, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Zoom might reverse course and start pointing upward in the short term.

\\n

With a market cap of $96.91 billion, The video communications platform provider started in 2021 by losing 2.22%. So far this year it is under-performing the Nasdaq by 10.51%.

\\n

\\n
\\n

Most characters on Netflix's "The Crown" are replaced by older actors as their characters age. Pip Torrens was able to remain as Tommy Lascelles, Queen Elizabeth II's private secretary, through multiple seasons. pic.twitter.com/K1AEelH4vf

\\n

— AP Entertainment (@APEntertainment) April 16, 2021

\\n

\\n

\\n\",\"\\n

Netflix is trading around $546.54 after losing 0.49% yesterday

\\n

(Last update 2:12am EST, April 17, 2021)

\\n

\\n

Netflix yesterday at a glance – the streaming company remained in the $546.54 range after starting the session at $549.22 and dropping 0.49%. Trading volume was 3.21 million, below the daily average of 3.27 million.

\\n

The chart pattern study shows Netflix might start to recover soon because it is getting closer and is now only $11.45 from the support line at $535.09, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at $559.04, indicating a further downward move might be next.

\\n

Overall, the technical analysis suggests Netflix is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $242.06 billion, The streaming heavyweight started in 2021 by gaining 1.55%. So far this year it is under-performing the Nasdaq by 6.74%.

\\n

\\n
\\n

Most characters on Netflix's "The Crown" are replaced by older actors as their characters age. Pip Torrens was able to remain as Tommy Lascelles, Queen Elizabeth II's private secretary, through multiple seasons. pic.twitter.com/K1AEelH4vf

\\n

— AP Entertainment (@APEntertainment) April 16, 2021

\\n

\\n

\\n\",\"\\n

Walmart closes at $140.61 after gaining 0.32% during the session

\\n

(Last update 9:51pm EST, April 16, 2021)

\\n

\\n

Walmart yesterday at a glance – light green Walmart closed at $140.61 after it ranged between $140.96 and $139.71. Trading volume was 7.65 million, below the daily average of 7.88 million.

\\n

Visual analysis of Walmart's price graph shows Walmart's immediate resistance is around $140.69, nearest support level is at $127.53. Momentum evaluation shows The Relative Strength Index indicates Walmart is in strong overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $141.94, This is a slight indication of a slowdown.

\\n

Overall, technical indicators suggest Walmart has no obvious direction for the immediate future.

\\n

With a market cap of $396.11 billion, The warehouse store chain company started in 2021 by losing 2.85%. So far this year it is under-performing the Dow Jones by 13.41%.

\\n

\\n
\\n

Tucker Carlson drew controversy again after claiming Pfizer CEO Albert Bourla had proof Pfizer’s vaccine “doesn’t work” — but Bourla was just discussing longstanding plans for booster shots https://t.co/1fkcCe0pvm pic.twitter.com/4l9jOIZ6D0

\\n

— Forbes (@Forbes) April 16, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble rallied beyond $137.9 for the first time in 3 months

\\n

(Last update 9:51pm EST, April 16, 2021)

\\n

\\n

After starting the day at $137.24, Procter & Gamble rallied to $137.9, hitting its highest point in 3 months, It later lost 65 cents and closed at $137.25

\\n

chart visual study suggests Procter & Gamble's resistance level is at $137.57. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at $138, indicating a downward move might be next.

\\n

Overall, the technical analysis suggests Procter & Gamble is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $337.98 billion, The consumer goods company started in 2021 by losing 1.3%. So far this year it is under-performing the Dow Jones by 11.86%.

\\n

\\n
\\n

Tucker Carlson drew controversy again after claiming Pfizer CEO Albert Bourla had proof Pfizer’s vaccine “doesn’t work” — but Bourla was just discussing longstanding plans for booster shots https://t.co/1fkcCe0pvm pic.twitter.com/4l9jOIZ6D0

\\n

— Forbes (@Forbes) April 16, 2021

\\n

\\n

\\n\",\"\\n

Walt Disney closes at $187.26 after gaining 0.72% during the session

\\n

(Last update 9:51pm EST, April 16, 2021)

\\n

\\n

Walt Disney yesterday at a glance – after it started the day at $185.93 Walt Disney went up to $189.47 only to drop back, yet still traded positively overall and closed at $187.26. Trading volume was 8.94 million, above the daily average of 7.30 million.

\\n

The Chart visual study suggests Walt Disney is flirting with the $188.03 immediate resistance line. In terms of trend indicators, we can see that at $188, Walt Disney made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $189.91, This is a slight indication of a slowdown.

\\n

Overall, the technical analysis suggests Walt Disney is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $339.93 billion, The entertainment giant started in 2021 by gaining 2.55%. So far this year it is under-performing the Dow Jones by 8%.

\\n

\\n
\\n

Tucker Carlson drew controversy again after claiming Pfizer CEO Albert Bourla had proof Pfizer’s vaccine “doesn’t work” — but Bourla was just discussing longstanding plans for booster shots https://t.co/1fkcCe0pvm pic.twitter.com/4l9jOIZ6D0

\\n

— Forbes (@Forbes) April 16, 2021

\\n

\\n

\\n\",\"\\n

Coca-Cola closes at $53.68 after gaining 0.66% during the session

\\n

(Last update 9:51pm EST, April 16, 2021)

\\n

\\n

Coca-Cola yesterday at a glance – the soft drink company rallied 0.66% and maintained at $53.68 level. Trading volume was 15.30 million, above the daily average of 12.09 million.

\\n

Important graph levels to look out for: Coca-Cola could be slowing down soon as it is approaching and is only 16 cents away from resistance at $53.85, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Coca-Cola is in overbought condition, keep an eye out for a slowdown of gains. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $53.72 – a high enough level to usually suggest Coca-Cola is trading above its value.

\\n

Overall, the technical analysis suggests Coca-Cola is neutral for the immediate future, with no clear-cut direction.

\\n

With a market cap of $231.32 billion, The soft drinks giant started 2021 by losing 2.83%. So far this year it is under-performing the Dow by 13.39%.

\\n

\\n
\\n

Tucker Carlson drew controversy again after claiming Pfizer CEO Albert Bourla had proof Pfizer’s vaccine “doesn’t work” — but Bourla was just discussing longstanding plans for booster shots https://t.co/1fkcCe0pvm pic.twitter.com/4l9jOIZ6D0

\\n

— Forbes (@Forbes) April 16, 2021

\\n

\\n

\\n\",\"\\n

At $38.57 Pfizer trades above $38 level for the first time in 4 months.

\\n

(Last update 9:51pm EST, April 16, 2021)

\\n

\\n

After starting at $37.6 Pfizer gained 96 cents and traded above the $38 level for the first time in 4 months.

\\n

The Chart pattern study shows Pfizer's nearest support level is at $36.62. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates Pfizer is in strong overbought condition. Asset volatility analysis shows that Pfizer has just crossed the upper Bollinger band at $38.34, indicating further gains might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Pfizer might continue pointing upwards in the short term.

\\n

With a market cap of $215.15 billion, The pharmaceuticals and biotechnology company started in 2021 by gaining 2.1%. So far this year it is under-performing the Dow by 8.46%.

\\n

\\n
\\n

Tucker Carlson drew controversy again after claiming Pfizer CEO Albert Bourla had proof Pfizer’s vaccine “doesn’t work” — but Bourla was just discussing longstanding plans for booster shots https://t.co/1fkcCe0pvm pic.twitter.com/4l9jOIZ6D0

\\n

— Forbes (@Forbes) April 16, 2021

\\n

\\n

\\n\",\"\\n

McDonald's closes at $233.08 after gaining 0.78% during the session

\\n

(Last update 3:31am EST, April 17, 2021)

\\n

\\n

McDonald's yesterday at a glance – the fast food company went up to $233.08 and gained $1.8 compared to the $231.28 start of the day (0.78%). Trading volume was 2.69 million, below the daily average of 3.09 million.

\\n

Visual analysis of the McDonald's's price graph shows McDonald'ss immediate resistance is around $234.12, nearest support level is at $204.84. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at $235.25, This is a slight indication of a slowdown.

\\n

Overall, technical indicators suggest McDonald's has no obvious direction for the immediate future.

\\n

With a market cap of $172.56 billion, The fast food giant has started 2021 by gaining 8%. So far this year it is under-performing the Dow by 2.56%.

\\n

\\n
\\n

Pipeline deal shows oil is still king for investors in Saudi Arabia https://t.co/KH9nVBSXU9

\\n

— Bloomberg (@business) April 17, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at $61,657, Bitcoin up slightly to $62,143 (up $486.37)

\\n

(Last update 3:31am EST, April 17, 2021)

\\n

\\n

Small gain for Bitcoin at $62,143 after ranging today between $61,400 and $62,531.

\\n

The Chart visual study suggests Bitcoin's immediate resistance is around $63,371, nearest support level is at $61,243. In terms of trend indicators, we can see that at $62,000, Bitcoin made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. The CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

\\n

Overall, looking at the technical analysis landscape, it seems Bitcoin might continue pointing upwards in the short term.

\\n

With a market cap of 1.16 trillion, Bitcoin started in 2021 by gaining 52.22%.

\\n

\\n
\\n

Pipeline deal shows oil is still king for investors in Saudi Arabia https://t.co/KH9nVBSXU9

\\n

— Bloomberg (@business) April 17, 2021

\\n

\\n

\\n\",\"\\n

Gold rallied beyond $1,784.7 for the first time in 7 weeks

\\n

(Last update 3:31am EST, April 17, 2021)

\\n

\\n

After starting the day at $1,766.8, Gold rallied to $1,784.7, hitting its highest point in 7 weeks, It later lost $7.4 and closed at $1,777.3

\\n

A study of Gold's chart pattern shows Gold's immediate resistance is around $1,785.6, nearest support level is at $1,741.4. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at $1,772.81, This is a slight indication of a slowdown.

\\n

Overall, the technical analysis suggests gold is neutral for the immediate future, with no clear-cut direction.

\\n

Gold started 2021 by losing 7.23%.

\\n

\\n
\\n

Pipeline deal shows oil is still king for investors in Saudi Arabia https://t.co/KH9nVBSXU9

\\n

— Bloomberg (@business) April 17, 2021

\\n

\\n

\\n\",\"\\n

Crude oil nudges down to $63.05 (down 26 cents) after starting the day at $63.32

\\n

(Last update 3:31am EST, April 17, 2021)

\\n

\\n

Crude oil yesterday at a glance – light red, Crude oil closed at $63.05 after ranging between $63.86 and $62.81.

\\n

The Chart visual study suggests the nearest support level is at $57.76, while the closest resistance is at $67.48. Asset volatility analysis shows that the upper Bollinger band is at $63.58, indicating a further downward move might be next. Japanese Candlesticks formations detected today are the "bearish harami”, Whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a reversal, of course. On the other hand, note that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for crude oil.

\\n

Oil started in 2021 by gaining 23%.

\\n

\\n
\\n

Pipeline deal shows oil is still king for investors in Saudi Arabia https://t.co/KH9nVBSXU9

\\n

— Bloomberg (@business) April 17, 2021

\\n

\\n

\\n\",\"\\n

Euro/Dollar rallied beyond 1.1995 for the first time in 6 weeks

\\n

(Last update 3:31am EST, April 17, 2021)

\\n

\\n

After starting the day at 1.1966, Euro/Dollar rallied to 1.1995, hitting its highest point in 6 weeks, It later lost 12 pips and closed at 1.1982

\\n

The chart visual study suggests the Euro's nearest support level is at 1.1718. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.2037 – a high enough level to usually suggest the Euro/Dollar is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems the Euro/Dollar is likely to reverse course and start pointing down in the short term.

\\n

The Euro/Dollar started 2021 by losing 2.13%.

\\n

\\n
\\n

Pipeline deal shows oil is still king for investors in Saudi Arabia https://t.co/KH9nVBSXU9

\\n

— Bloomberg (@business) April 17, 2021

\\n

\\n

\\n\",\"\\n

Pound/Dollar up 58 pips, closing at 1.3841 and building up on its six days of gains.

\\n

(Last update 4:11am EST, April 17, 2021)

\\n

\\n

The British Pound yesterday at a glance – after it started the day at 1.3783 GBP/USD went up to 1.3846 only to drop back, yet still traded positively overall and closed at 1.3841.

\\n

In terms of trend indicators, we can see that although up today, it's worth noting that earlier the pound/dollar dropped below the 21 day Simple Moving Average as it was trading at 1.3771, usually an indication that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 1.3896 – a high enough level to usually suggest the Pound is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems the British Pound is likely to reverse course and start pointing down in the short term.

\\n

The Pound started in 2021 by gaining 0.86%.

\\n

\\n
\\n

Moderna said it won’t be able to supply as many doses of its Covid-19 vaccine to Canada, the U.K. and other countries due to manufacturing issues with its non-U.S. supply chain https://t.co/ODIT4Wgwek

\\n

— The Wall Street Journal (@WSJ) April 17, 2021

\\n

\\n

\\n\",\"\\n

Steady Yen holds at 108.8

\\n

(Last update 4:11am EST, April 17, 2021)

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The Yen yesterday at a glance – Dollar/Yen closed at 108.8 with no clear-cut direction and ranged between 108.97 and 108.61.

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A Visual analysis of the Yen's price graph shows the Yen's resistance level is at 110.73. Momentum evaluation shows The Relative Strength Index indicates the Dollar/Yen is in oversold condition, allowing more gains. Asset volatility analysis shows that the lower Bollinger band is at 108.46, indicating a positive move might be next.

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Overall, technical indicators suggest the Yen has no obvious direction for the immediate future.

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The Yen started in 2021 by gaining 5.07%.

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Moderna said it won’t be able to supply as many doses of its Covid-19 vaccine to Canada, the U.K. and other countries due to manufacturing issues with its non-U.S. supply chain https://t.co/ODIT4Wgwek

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— The Wall Street Journal (@WSJ) April 17, 2021

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After 6 weeks, Swiss franc falls below 0.92 levels.

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(Last update 4:11am EST, April 17, 2021)

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After starting at 0.9231 dollar/swissssss dropped 30 pips and traded below the 0.92 level for the first time in 6 weeks.

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Swiss franc's graph levels to watch: Dollar/Swiss resistance level is at 0.9475. In terms of trend indicators, we can see that although down today, it's worth noting that at 0.9238 Swiss franc did peak above the 5 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. Momentum evaluation shows the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.9127 – a low enough level to usually suggest the Swiss franc is trading below its value.

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Overall, looking at the technical analysis landscape, it seems the Swiss franc might start pointing upward in the short term.

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The Swiss franc started in 2021 by gaining 4.04%.

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Moderna said it won’t be able to supply as many doses of its Covid-19 vaccine to Canada, the U.K. and other countries due to manufacturing issues with its non-U.S. supply chain https://t.co/ODIT4Wgwek

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— The Wall Street Journal (@WSJ) April 17, 2021

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Australian dollar nudges down to 0.7736 after starting the day at 0.7753 (down 0.22%)

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(Last update 4:11am EST, April 17, 2021)

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The Australian dollar yesterday at a glance – the Australian dollar failed to recover all the way to 0.7753 after dipping down to 0.7724.

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Important graph levels to look out for: nearest support level is at 0.7584, while the closest resistance is at 0.7803. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at 0.7766, indicating a further downward move might be next.

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Overall, technical indicators suggest the Aussie/Dollar has no obvious direction for the immediate future.

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The Aussie/Dollar started 2021 by gaining 0.73%.

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Moderna said it won’t be able to supply as many doses of its Covid-19 vaccine to Canada, the U.K. and other countries due to manufacturing issues with its non-U.S. supply chain https://t.co/ODIT4Wgwek

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— The Wall Street Journal (@WSJ) April 17, 2021

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