The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
How Tesla’s accident will impact stock price?
2021-10-25 • Updated
A Tesla car, that no one was driving, crashed into a tree in Texas. Two passengers died. It raised questions over Tesla’s Autopilot and Full Self-Driving (FSD) features. However, Tesla cautioned drivers before that the current system is not yet fully autonomous, and it still requires “active driver supervision”. Yes, there are some videos on YouTube with a person sleeping in the driver’s seat or driving hands-free. Nonetheless, the responsibility lies on these people.
Elon Musk tweeted that statistics show that Tesla cars with Autopilot have 10 times fewer accidents than the average car.
Such a big case may have a huge impact on the Tesla stock – such negative news may press it down. Tesla stock's 50-day moving average has been declining for over a month and it has crossed upside down the 100-day moving average, creating the Death Cross – the signal to sell. If Tesla breaks through the $708 support, the way down to the low of April 9 at $670.00 will be open.
However, remember that after a drop always goes a rise. Resistance levels are at the recent highs of $750 and $800.
Besides, you can trade stocks in our app FBS Trader!
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader or the MT5 account in your personal area.
- Start trading!
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
What is going on with this energy asset these days, and should we prepare for further falls?
On Friday, the gold price (XAUUSD) retreated from a recent two-week high, facing selling pressure. This decline was driven by hawkish minutes from the FOMC meeting, indicating the Fed's reluctance to cut interest rates. Elevated US Treasury bond yields, supported by a "higher-for-longer" narrative, further weakened demand for gold...
Bearish Scenario: Selling below 22.65 with TP1: 22.34 (intraday) and TP2: 22.02 (swing). Bullish Scenario: Buying above 22.70 with TP1: 22.90.
Intraday and swing scenarios based on price action and volume profile.