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  Gol d  prices  broke below USD1800 /oz support on Friday. This week, we reckon the support will emerge at USD1770 /oz area and likely to consolidate here. Technically, we predict the market sentiment will hover in this low region during December month while stock indexes gain new heights. Immediate resistance will emerge at USD1820 /oz level.  WTI Crude prices broke above USD44.00 /barrel but limited to USD46.00 /barrel top last week. This week, the market might gain higher ground if the bulls protrude above USD46.00 /barrel. However, the major benchmark at USD50.00 /barrel will be a big challenge for the oil traders as fund may move back into Gold market.   Silver prices dipped last week as market fund sought after stock indexes. This week, we project the market trend will slide further once the support gives way at USD22.00 /oz. Our next level on the downside will be near to USD20.00 /oz while the resistance lies at USD23.20 /oz level.   Crude Palm Oil (FCPO) Futures on Bursa Deriv

  On 24 November in U.S. hours, the Dow Jones benchmark rose and closed above 30,000 for the first time in history. Market went "hysterical" over this in celebration. Many analysts didn't believe it and some financial firms have called for 40,000 as the next target! Literally, the positive news of few pharmaceutical firms that called for positive trials over past 2 weeks on the vaccines have added optimism into the U.S. market. These companies include Pfizer, BioNTech and Moderna Inc. However, what gives the push finally into the Dow market is the ultimate cheers for President-elect Biden. On the same night before Dow closed above 30,000 level, President-elect Biden has announced his handpicked calibers in the new National Security team. Undeniably, Biden is a wise man in his seventies that has gone through the thick and thin of life that not many others could have survived like him! Joe Biden was once named as the youngest senator in Congress but now the oldest Pre

  (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Vaccine could reach first Americans by mid-December * Tesla nears $500 billion in market cap * Surging coronavirus cases cap stock market gains (Updates to market close) By Chuck Mikolajczak NEW YORK, Nov 23 (Reuters) - U.S. stocks closed higher in a choppy session on Monday as hopes for a COVID-19 vaccine lifted economically sensitive sectors such as energy and industrials, but a pullback in megacap shares curbed gains on the S&P 500 and Nasdaq. Cyclicals led gains, with energy ahead by more than 6% while industrials and financials each rose more than 1%, as data showed monthly business activity expanded at the fastest rate in more than five years.   Energy shares got a boost from another gain in oil prices, which have risen on anticipation a vaccine will help demand recover.   "It's Monday vaccine trade day," said Ken Polcari, managing partner at Kace Ca

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Gol d  prices  threaded sideways from USD1850 – USD1900 /oz last week. There is much uncertainty in the market but beware of unexpected downfall beneath USD1850 /oz support. In our opinion, the market is capable of making a quick drawdown in case of Dow market crossing above the 30,000 benchmark in near future.   WTI Crude prices rattled in small range between USD40 – USD42 /barrel last week. This week, we project the market might climb a little higher to test USD44 /barrel. Overall trend will be contained from USD40 – USD44 /barrel without much expectation. Traders are warned of caution in such uncertain small range.   Silver prices was stuck in narrow range from USD23.00 – USD25.00 /oz last week without clear directional headway. Technically, the market trend looks very neutral now and might move in either direction soon. We advise traders to remain alert and observe a possible breakaway in either direction soon.   Crude Palm Oil (FCPO) Futures on Bursa Derivatives made 8-1/2 year hi

  DJ How the Vaccine Era Could Be a Sweet Spot for Stocks -- Barrons.com   By Jacob Sonenshine Vaccines for Covid-19 -- and the economic recovery they are expected to bring -- may not stoke much inflation. That could be beneficial for stocks.  Counting only Moderna's (ticker: MRNA) vaccine and the one jointly produced by Pfizer (PFE) and BioNTech (BNTX), more than 2 billion doses could be distributed by the end of 2021, making possible real progress in the fight against the pandemic. That could allow states -- and other countries -- to roll back economically damaging measures they have imposed to keep people safe.  At the same time, there may be pent-up demand. Consumers are sitting on roughly $15 trillion of cash, according to Morgan Stanley economists, and in recent months, they have saved about 17% of their income, up from 7% before the pandemic.  The bottom line is that when it is safe to go outside and when businesses resume hiring, consumer spending could explode.  Markets ha

  Commission-free investing app Robinhood has gained a large number of new users during the coronvirus pandemic. A new study from Australian university UNSW Sydney  reveals  what the largest stock holdings are among Robinhood users during the global crisis.  The study tracked the movement and ownership of stocks in the Russell 1000 from March 13 through July 31. The top 10 stocks held by Robinhood users during the time period were: Ford Motor Company  (NYSE: F ) General Electric  (NYSE: GE ) American Airlines  (NASDAQ: AAL ) Walt Disney Company  (NYSE: DIS ) Apple Inc  (NASDAQ: AAPL ) Delta Air Lines  (NYSE: DAL ) Microsoft Corporation (NASDAQ: MSFT ) Tesla Inc  (NASDAQ: TSLA ) Carnival Corporation  (NYSE: CCL ) Amazon.com Inc  (NASDAQ: AMZN ) Related Link:  Robinhood Co-Founder Vladimir Tenev Talks Young Investors With Jim Cramer What Happened:  American Airlines led the way for ownership growth by app users in the time period, followed by Delta Air Lines, General Electric and Ford. T

  In mid-November, British PM Boris Johnson announced the country will stop selling diesel and gasoline cars by 2030.  The move is part of a wider 10-point plan for a so-called “green industrial revolution” aimed at generating as much as 250,000 jobs and combatting climate change. U.K. authorities had previously said the sale of new petrol and diesel vans and cars would end in 2040. In February, they announced an ambition to bring this forward to 2035. Despite setting the new 2030 target, the government will, however, continue to allow the sale of hybrid cars and vans that can drive a significant distance with no carbon coming out of the tailpipe until 2035. Among all the European countries, U.K. is one of the many members that aim to terminate the sale of diesel and petroleum vehicles. Denmark has proposed a phase-out of new diesel and petrol car sales in 2030. Norway, on the other hand, aims for all new light vans and passenger cars sold to be zero emission by the year 2025. In U.K.,

  By Lisa Baertlein and Melissa Fares LOS ANGELES/NEW YORK, Nov 20 (Reuters) - Toilet paper aisles are emptying again as COVID-19 curfews and shutdowns in states from California to New York send pandemic-weary shoppers on a new scramble for essentials. Walmart on Friday said it was "seeing pockets of lower than normal availability" for toilet paper and cleaning supplies in some communities as infections rage virtually unchecked across most of the United States. As of Friday afternoon, 22 states have imposed restrictions aimed at decreasing spread of the virus - giving rise to a new round of panic buying from shoppers and purchase limits from retailers including Target and Kroger , the nation's largest supermarket chain. Shoppers in a half dozen cities around the United States told Reuters that disinfecting wipes were sold out at discount retailers like Walmart and Costco , as well as at Cerberus Capital-owned grocery chains Albertsons and Vons. "Walmarts are still mo