Oil prices popped on Monday as the Israel-Hamas conflict extends into a third day following a surprise attack on Israel by Palestinian militants Hamas.
Global benchmark Brent traded 4.53% higher at $88.41 a barrel Monday, while the U.S. West Texas Intermediate futures rose 4.69% to $88.67 per barrel.
While there is a surge in crude prices, analysts believe it will be a knee-jerk reaction, and likely temporary.
"For this conflict to have a l...

The technical picture for $Alibaba (BABA.US)$ has been looking better this year than it has looked the 2 years prior.
The breakout to the upside of this candlestick wedge formation looks bullish for the mid-term picture.
There are a couple of strong resistance levels where the price action might find some friction or some sellers stepping in. These resistance levels reside at the previous local highs in price from earlier this year.
If the price does climb above these pre...