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$SPDR S&P 500 ETF (SPY.US)$ Still looking for SPY to hit the 581. If wants to retest level above, look for 588 again.
$Invesco QQQ Trust (QQQ.US)$ Looks like the 490 level should be the next level lower but watch for retest of 503 if moving upward before entering a put position.
$NVIDIA (NVDA.US)$ Already broke the 139 and if does not retest 139, heading all the way to 132 level next.
$Invesco QQQ Trust (QQQ.US)$ Looks like the 490 level should be the next level lower but watch for retest of 503 if moving upward before entering a put position.
$NVIDIA (NVDA.US)$ Already broke the 139 and if does not retest 139, heading all the way to 132 level next.
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Transferred from:Xinhua Finance
Malaysia in Octoberpalm oilWeak supply and demand were strong, and inventories at the end of the month fell short of market expectations, bringing obvious benefits to the palm oil market. Looking ahead to the future market, it is expected that horse brown will maintain seasonal production cuts in November, but at the same time, export demand is expected to decline. It is expected that inventories may maintain a downward trend in stocks at the end of November. Support on the supply and demand side will still be strong, which is beneficial to prices.
Specifically, according to October palm oil supply and demand data released by the Malaysian Palm Oil Board (MPOB), Malaysian palm oil production in October was 1.7973 million tons, down 1.35% from month to month; export volume was 1.7324 million tons, up 11.07% month on month; domestic consumption in Malaysia was 0.2104 million tons, up 36.62% month on month; inventory at the end of October was 1.8846 million tons, down 6.32% month on month. Compared with previous market estimates, production was slightly higher than expected, export volume was much higher than expected, and inventory was lower than market expectations. This report had too much impact.
On the supply side, horse brown production declined month-on-month in October, which provided favorable support for prices. According to MPOB data, in October, Malaysia's palm oil production fell 1.35% month-on-month to 1.7973 million tons, a year-on-year decrease of 7.22%. According to previous Reuters estimates, horse brown production fell to 1.76 million tons in October 2024, which was slightly higher than expected. However, during the production increase cycle, horse brown production maintained a downward trend, causing the market to expect tight supply. By region, palm oil in October...
Malaysia in Octoberpalm oilWeak supply and demand were strong, and inventories at the end of the month fell short of market expectations, bringing obvious benefits to the palm oil market. Looking ahead to the future market, it is expected that horse brown will maintain seasonal production cuts in November, but at the same time, export demand is expected to decline. It is expected that inventories may maintain a downward trend in stocks at the end of November. Support on the supply and demand side will still be strong, which is beneficial to prices.
Specifically, according to October palm oil supply and demand data released by the Malaysian Palm Oil Board (MPOB), Malaysian palm oil production in October was 1.7973 million tons, down 1.35% from month to month; export volume was 1.7324 million tons, up 11.07% month on month; domestic consumption in Malaysia was 0.2104 million tons, up 36.62% month on month; inventory at the end of October was 1.8846 million tons, down 6.32% month on month. Compared with previous market estimates, production was slightly higher than expected, export volume was much higher than expected, and inventory was lower than market expectations. This report had too much impact.
On the supply side, horse brown production declined month-on-month in October, which provided favorable support for prices. According to MPOB data, in October, Malaysia's palm oil production fell 1.35% month-on-month to 1.7973 million tons, a year-on-year decrease of 7.22%. According to previous Reuters estimates, horse brown production fell to 1.76 million tons in October 2024, which was slightly higher than expected. However, during the production increase cycle, horse brown production maintained a downward trend, causing the market to expect tight supply. By region, palm oil in October...
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Today’s $S&P 500 Index (.SPX.US)$ sees mixed performance across the Magnificent 7!
• $NVIDIA (NVDA.US)$ NVIDIA (NVDA) and $Apple (AAPL.US)$ Apple (AAPL) are holding steady with slight gains, each showing resilience with +0.57% and +0.21% upticks respectively. $Microsoft (MSFT.US)$ also edges up +0.09%, staying in positive territory.
• On the other side, $Meta Platforms (META.US)$ , $Amazon (AMZN.US)$ , and $Tesla (TSLA.US)$ are facing declines, with Tesla leading the drop at -2.51%. $Alphabet-A (GOOGL.US)$
• $NVIDIA (NVDA.US)$ NVIDIA (NVDA) and $Apple (AAPL.US)$ Apple (AAPL) are holding steady with slight gains, each showing resilience with +0.57% and +0.21% upticks respectively. $Microsoft (MSFT.US)$ also edges up +0.09%, staying in positive territory.
• On the other side, $Meta Platforms (META.US)$ , $Amazon (AMZN.US)$ , and $Tesla (TSLA.US)$ are facing declines, with Tesla leading the drop at -2.51%. $Alphabet-A (GOOGL.US)$