Crude rallies continue to face stiff resistance | MarketTalk: What’s up today? | Swissquote

Show notes

The week kicked off on a bullish note, as the recovery in US treasuries, and the retreat in US yields help boost appetite in major US indices. Tesla gained on news that there could be an accelerated framework for fully self-driving cars, while Nvidia weakened on reports that Blackwell chips overheat.
In currencies, the US dollar weakened and gave room to other majors to breath, but the pullback could be short-lived.
In energy, US crude posted a 3% rally yesterday, but the bulls could find the $70pb offers hard to clear, as the amply global supply / weak global demand outlook remains supportive of the bears. Solid resistance is eyes between $70/72pb range.
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