GLOBAL POLITICAL RISK: WEF Speakers Inc. ECB Pres, Spanish PM, German Econ Min
The World Economic Forum annual meeting continues in Davos, Switzerland. Notable speakers today include Malaysian PM Anwar Ibrahim (0415ET/0915GMT/1015CET), UN Secretary-General Antonio Guterres (0530ET/1030GMT/1130CET), Dutch PM Dick Schoof (0715ET/1215GMT/1315CET), Iranian Vice-President for Strategic Affairs Javad Zarif (0730ET/1230GMT/1330CET), Spanish PM Pedro Sanchez (0945ET/1445GMT/1545CET), and ECB President Christina Lagarde and German Economy Minister Robert Habeck (1015ET/1515GMT/1615CET).
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI EXCLUSIVE: China Steel Demand Seen Falling Next Year
MNI looks at China steel demand in 2025 -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.
SILVER TECHS: Bearish Outlook
- RES 4: $35.226 - 61.8% of the 2011 - 2020 major bear leg
- RES 3: $35.167 - 2.00 proj of the Aug 8 - 26 - Sep 6 price swing
- RES 2: $33.125/34.903 - High Nov 1 / High Oct 23 and the bull trigger
- RES 1: $30.942/32.338 - 50-day EMA / High Dec 12
- PRICE: $29.774 @ 08:00 GMT Dec 21
- SUP 1: $28.748 - Low Dec 19
- SUP 2: $28.446 - 76.4% retracement of the Aug 8 - Oct 23 bull cycle
- SUP 3: $27.686 - Low Sep 6
- SUP 4: $26.451 - Low Aug 8
A bear cycle in Silver that started Oct 23 remains in play and last week’s move lower reinforces the trend condition. The metal has breached support at $29.642, the Nov 28 low. The break lower opens $28.446, a Fibonacci retracement. Note that moving average studies are in a bear-mode position highlighting a dominant downtrend. Key resistance has been defined at $32.338, the Dec 12 high. A break of this level would signal a reversal.
MNI: SPAIN Q3 FINAL GDP +0.8% Q/Q
- MNI: SPAIN Q3 FINAL GDP +0.8% Q/Q
- MNI: SPAIN Q3 FINAL GDP +3.3% Y/Y
