The market has also dropped below a short-term 50% level, making $4350.27 to $4381.44 resistance. The daily chart now suggests traders are aiming for the value area created by the intermediate 50% level at $4211.60 and the 50-day moving average at $4174.88. We expect to see buyers return on a test of this area.The 50-day MA is of particular importance because it is also our main trend indicator. It has been directing the market higher since mid-August. Breaking it with conviction could shift the narrative o ...

One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025.Gold and silver prices lost ground on Wednesday as investors booked profits after a historic annual rally and exchange operator CME Group hiked the margins on precious metal futures for the second time in the space of a week.Spot gold prices fell 0.8% to $4,313.59 per ounce at 7:50 a.m. ET, extending losses in the run-up to the new year. The ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.matejmo/iStock via Getty Images Good morning! Here is the latest in trending on Seeking Alpha:'Hard technology': The world's second-largest economy has launched three venture capital funds to invest in what it calls "hard technology" areas, Reuters reported, citing state broadcaster CCTV.Asia rebounds: Markets in the region are ending the week on a positive note, including China (SHCO ...

Price Trends - The national average price of gasoline has dropped to $2.79 per gallon, the lowest level since 2021, with a decrease of 4 cents from the previous week [1] - Diesel prices have also declined, with the national average currently at $3.671 per gallon, down 5.1 cents from a week ago [1] State Variations - Gas prices vary significantly by state, with Oklahoma at $2.366 per gallon and California at $4.469 per gallon [1] Market Dynamics - Global oil prices are influenced by geopolitical risks, such as sanctions on Russia and tensions in the Middle East, which push prices up, while fears of economic slowdown and oversupply pull them down [2] - Brent crude for February delivery is trading at $62.79 per barrel, down 1.51%, while WTI crude for January delivery is at $59.12 per barrel, down 1.53% [2] Demand Outlook - Ongoing negotiations for a Ukraine/Russia peace deal contribute to oil price stability, with expectations of upward revisions in demand due to stronger U.S. oil demand growth [3]

Core Insights - The article highlights the top-performing leveraged and inverse ETFs for the past week, emphasizing the significant returns driven by market volatility and investor sentiment regarding tech valuations and interest rate expectations [1]. Performance Summary - **ProShares UltraShort Ether ETF (ETHDA)**: Achieved a weekly return of 28.18%, benefiting from a decline in Ethereum prices amid a broader sell-off in riskier assets [2]. - **ProShares UltraShort Bitcoin ETF (SBIT)**: Recorded a weekly gain of 23.26%, influenced by fears over inflated tech stocks and reduced expectations for U.S. interest rate cuts [3]. - **MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZA)**: Delivered a return of 20.38%, as the technology sector faced pressure from retail sales and inflation data [4]. - **Direxion Daily Semiconductor Bear 3x Shares (SOXS)**: Gained 18.91% due to negative news regarding Meta's potential chip contract shift from Nvidia to Google-designed chips [4]. - **Direxion Daily GOOGL Bull 2X Shares (GGLLA)**: Achieved a return of 17.04%, as Google stock rallied amid the aforementioned chip contract considerations [5]. - **Direxion Daily Technology Bear 3X Shares (TECS)**: Saw a return of 16.40%, reflecting the overall bearish sentiment in the technology sector [5]. - **2x Long VIX Futures ETF (UVIXA)**: Gained 15.37%, as market volatility increased due to concerns over high tech stock valuations [6]. - **Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS)**: Achieved a return of 14.08%, driven by ongoing concerns about high valuations in the tech sector [6]. - **ProShares Short Ether ETF (SETHA)**: Recorded a weekly gain of 13.53%, profiting from the decline in Ether prices [7]. - **ProShares Ultra VIX Short-Term Futures ETF (UVXY)**: Achieved a return of 11.97%, reflecting the volatility in the market [7].

Core Viewpoint - Oil prices have been declining for three consecutive sessions due to geopolitical developments and economic uncertainties [1] Group 1: Oil Market Dynamics - The U.S. is advocating for a peace deal between Russia and Ukraine, which could potentially increase oil supplies in the global market [1] - The ongoing uncertainty regarding U.S. interest rate cuts is affecting investor risk appetite, contributing to the decline in oil prices [1]