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NIO Inc.
Higher high today, but shy of 4.00 resistance…
But let’s speculate with some bullish stance 😀
In case Nio manages tomorrow to stay above 3.70 it might get propelled straight to 4.00 and chances would be kind of good to break above it.
Of course any return below 3.60 negates this scenario.
And if it would be just able to close above 3.85 tonight…eh
US crude stocks fall, gasoline and distillate inventories rise – EIA
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending June 6, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.6 million barrels to 432.4 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2 million-barrel draw.
Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) fell by 403,000 barrels in the week, the EIA said.
Crude futures fell following the report, despite the larger than expected draw, but were still trading in positive territory. Brent crude was trading at $68.19 a barrel, up $1.32 at 10:43 a.m. EDT (1443 GMT), while U.S. West Texas Intermediate (WTI) futures were at $66.5 a barrel, up $1.51 at that time.
Refinery crude runs (USOICR=ECI) rose by 228,000 barrels per day in the week ended, the EIA said, while utilization rates (USOIRU=ECI) rose by 0.9 percentage points in the week to 94.3%.
U.S. gasoline stocks (USOILG=ECI) rose by 1.5 million barrels in the week to 229.8 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 0.9 million-barrel build.​
Distillate stockpiles (USOILD=ECI), which include diesel and heating oil, rose by 1.2 million barrels in the week to 108.9 million barrels, versus expectations for a 0.8 million-barrel rise, the EIA data showed.
Net U.S. crude imports (USOICI=ECI) rose last week by 451,000 barrels per day, EIA said.
Crude Oil Futures Chart
FTSE 100 Hovers at Record High
The FTSE 100 climbed toward record highs near 8,870 on Wednesday as investors digested the UK’s multi-year spending review and a positive US-China trade update.
UK Chancellor Rachel Reeves outlined departmental budgets through 2027, including a commitment to raise defence spending to 2.5% of GDP and an additional £30 billion for the NHS. Optimism was also fuelled by news that the latest US-China trade agreement would meet the approval of both President Trump and President Xi.
Also, US inflation rose to 2.4% in May, slightly below the 2.5% forecast. Financial stocks led gains, with firms exposed to China, such as Prudential, HSBC, and Standard Chartered, rallying.
Gold miner Fresnillo rose on stronger bullion prices.
Defence stocks like Rolls-Royce and Babcock advanced on expectations of increased government investment.
BT jumped over 2% after JPMorgan added it to its focus list, while reports emerged of a potential takeover bid for TalkTalk.
ETHUSD
Ether did not disappoint – on contrary – did abide all the technical rules .
Support at 2695.00 wasn’t even touched ( low 2735.00_ and rally continued.
Target is now just a bit higher – 3055.00 and if ETH manages to go over it, it would be able to challenge previous Double top at around 4.100.00
DAX
Dax tried to avoid deeper correction, but failed to overcome resistance at 24.150
Now all eyes are on support at 23.950
This is going to be one bearish close for Dax , and the only question is if the support at 23.750 will be able to provide some footing.
23.145 is a target in this moment, and has to hold for Dax to be able to return in the Bull run.
can some1 help me with bitcoin should I buy & aim for 120000.00
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