Image Source:  WTI price edges lower to around $71.00 in Thursday’s early Asian session. US crude oil stockpiles rose by 8.664 million barrels last week, according to the EIA.  Oil traders worry about China-US trade.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.00 during the early Asian session on Thursday. The WTI price edges lower amid a large build in US crude stockpiles and worries about renewed US-China trade tensions.  US crude inventories rose sharply last week, signaling weaker demand. The US Energy Information Administration (EIA) weekly report showed crude oil stockpiles in the United States for the week ending January 31 climbed by 8.664 million barrels, compared to a rise of 3.463 million barrels in the previous week. The market consensus estimated that stocks would increase by 3.2 million barrels.  Concerns of a potential trade war between the United States and China, the world’s top energy importer, could exert some selling pressure on the WTI price. On Tuesday, China’s finance ministry announced a package of tariffs on a range of US products, including crude oil, farm equipment, and some autos in an immediate response to a 10% tariff on Chinese imports announced by US President Donald Trump. Additionally, China put several companies, including Google, on notice for possible sanctions in a measured response to Trump’s tariffs.  On Wednesday, Iran’s President Masoud Pezeshkian called OPEC members to unite against potential US sanctions after Trump’s announcement of resuming the “maximum pressure” campaign against Iran during his first term. Meanwhile, Russia’s Deputy Prime Minister […]

Image Source: In this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, February 5.Video Length: 00:16:39Financial Markets Report For Wednesday, Feb 5SPDR ETF Report For Tuesday, Feb 4Financial Markets Report For Tuesday, Feb 4

Image Source: NIFTY 50 INDEX – NIFTY (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Minor degree, Grey.)Mode: CorrectiveStructure: Impulse within larger degreePosition: Minute Wave ((ii)).Details: Minute Wave ((ii)) could be progressing towards the 25000 range before the drop resumes. The correction is unfolding as an expanded flat. Alternatively, the entire structure from 26300 high is unfolding as a correction at a Minute degree.Invalidation point: 26400NIFTY 50 INDEX Daily Chart Technical Analysis and Potential Elliott Wave Counts:NIFTY 50 INDEX daily chart suggests a major top in place around the 26300 mark in September 2024. The index has since reversed lower carving Minute Wave ((i)) around the 23267 mark and is unfolding a potential expanded flat corrective wave towards the 25000-100 zone.The index terminated Intermediate Wave (4) around the 15200 mark in June 2022. Bulls managed to produce a religious rally at a Minor degree marked as Minor Waves 1 through 5 pushing through 26300 levels before reversing. NIFTY 50 INDEX – NIFTY (4H Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Minor degree, Grey.)Mode: CorrectiveStructure: Impulse within larger degreePosition: Minute Wave ((ii)).Details: Minute Wave ((ii)) could be progressing towards the 25000 range before the drop resumes. The correction is unfolding as an expanded flat marked as Minuette (a)-(b)-(c) on the 4H chart. Alternatively, the entire structure from 26300 high is unfolding as a correction at the Minute degree ((a))-((b))-((c)).Invalidation point: 26400NIFTY 50 INDEX 4H Chart Technical Analysis and potential Elliott Wave Counts:NIFTY 50 INDEX 4H chart is highlighting the potential counts since the indice rallied through […]

Image Source: Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:27

Image Source: Opera Ltd () is a worldwide internet brand with a large, engaged, and growing base. Its products and services include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services.Features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad-blocking and a built-in VPN.Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX, and Opera GX Mobile, and separate browsers tailored for gamers.The newest browser is a beta release of a Web3-centric browser for PC and mobile which is tailored for crypto enthusiasts.In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services.Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.Three key data points gauge Opera Ltd or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.OPRA PriceShare price rose about 81.7% in the past year from $10.86 to $19.73 as of Wednesday’s market close.In the past 3 years, the company’s share price has ranged from $3.97 to $27.83 (Its all-time high of $28.58 was reached July 13, 2023.The company may repeat its average of the past three years of annual performance and its price could grow by $3.47 next year to $23.20.OPRA DividendOpera Ltd has paid variable semi-annual dividends […]