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Geopolitical tensions in the Middle East, supply trends influenced by OPEC+, and US economic data will continue to be key drivers of oil prices.
Crude oil prices moved 2% higher on Tuesday, driven by the expectation of supply cuts by OPEC+, Kazakh oil production cuts, and a weakening U.S. dollar.
The XAUUSD (Gold) faced a substantial selling pressure, failing to surmount the weekly peak of 2,060.00.
Xinyi Glass (XINYI) provided massive buying pressure in recent trading days, creating a potential long opportunity.
XRPUSD trades with a weekly increase of approximately 6% recently, while the broader market trades sideways within a wedge pattern. A sharp price movement depends on how the lawsuit decision comes with a proper breakout in the technical chart.
Over the last month, the returns on the stock of cloud-based security software provider Zscaler have been +11.6%, while the S&P 500 composite has changed by +3.2%.
ZTE Corporation stock and other Chinese telecom equipment manufacturers increased substantially as major countries issued a joint statement endorsing guiding principles for the global 6G network development.
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