
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
2019-12-09 • Updated
Apple keeps being a headliner for smartphone development concepts. That is also one of the reasons why it has reached an all-time high recently.
The number of people questioning the level of prices for the iPhone production line is increasing. So is the chase by Apple’s competitors, who are trying to stand in line with the smartphone pioneer. However, it may not be possible to challenge the leader without certain essentials distinguishing the industry leaders. One of them is the vision.
The company vision for the nearest future of its smartphone series is aiming towards a “completely wireless experience”, as the company analyst Ming-Chi Kuo said last week. The Apple representative revealed that a new high-tier iPhone with a Lightning port and wireless charging is planned for release in 2021. In turn, that continues the device compatibility development strategy, which had an earphone jack removal as one of its previous steps in 2016. At that time, the market took the news quite controversially, but in any case, it did not stop the stock value to rise later on.
Fueled by a positive NFP data last Friday, this news in line with other minor announcements made Apple stock rise to an all-time high of $270 per share. And that is while some of the analysts have already called this stock overpriced.
On the daily chart, the Awesome Oscillator shows that it may well be the case. Thus, Apple seems to have timed the good news really well.
Strategically, the stock was already on the way to the heights of $270 since the beginning of November. We can see that it broke above $258 and during ten days rose by 10USD to reach $268 on November 19. However, after that, the price dropped to $262 and has been consolidating between the recently formed resistance and this new low. At the beginning of December, the stock was trading again at the support of $258 and may have gone into a decline, but instead went upwards – thanks to the news.
The historical chart below shows the leaps in which Apple’s shares have been gaining value. The most prominent ones were in 2007, 2012, 2015 and 2018. The current skyrocketing appears to have formed a new wave of an upward trend. From the technical point of view, however, traders need to prepare for a drop as the intensity of the current rising cannot be kept at the same pace – nor can it be kept above the same height. Unless Apple has another technological breakthrough up its sleeve for tomorrow.
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More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
What is going on with this energy asset these days, and should we prepare for further falls?
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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