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Globe and Mail
2 days ago
- Business
- Globe and Mail
Gold Is Bullish, But Be Aware Of Deeper Intraday Pullback; Elliott Wave Intraday Analysis
Good morning traders! USDollar Index - DXY remains under intraday bearish pressure at the start of the month and week, so we are definitely still bearish and expect more weakness, but it's early Monday and we may not see straight lines, thus still be aware of bigger or more complex intraday pullback before a bearish continuation. DXY could actually still be trading in subwave (b) and it can still see higher intraday resistance for subwave (c) of "ii", which can fill the GAP from May 18 before real bears show up. However, of course, if DXY breaks below 98 area decisively, then more weakness can be seen within wave "iii" of 5, unless it goes sideways for a higher degree bearish triangle in wave 4. Gold is coming nicely higher for wave subwave »c« of a projected three-wave abc corrective recovery in wave B and it's now testing key resistance, from where we may see another sell-off for a wave C of a higher degree wave (2), especially if we consider a new open GAP at 3925 level and then prevoius one at 3200 area, which can act as a strong support. However, if gold breaks straight above 3367 level decisively, then higher degree wave (3) can be already in full progress.
Globe and Mail
25-05-2025
- Business
- Globe and Mail
Gold Analysis & Targets 5/25/25
Gold Futures Analysis The chart is key to this update. (GCM25) From last week, The failure to make a new high in the area of a 78.6% retracement (also a major Gann square) hit the first target of 78.6% the other way at 3268.00 per the ONE44 78.6% rule and we will now see if it is also the end of the Bull run for now. It traded below the short term target of 3164.40, but never closed below it, this was 38.2% back to the 11/14/24 low and a major Gann square. This will be the key level for next week. Use 3164.40 as the swing point for the week. Above it, being a 38.2% retracement, holding it can send this market to a new high per the ONE44 38.2% rule. The longer term target is 78.6% back to the 4/22/25 high at 3430.00. The short term target area is the 3356.70 major Gann square and 61.8% back to the same high at 3366.00. Any rally that can't get above 38.2% of the same move at 3273.00 is very negative and a new low can quickly follow. 5/25/25 After spiking below 38.2% at 3164.00 (also a major Gann square), but never closing below it, it has rallied $200 and now hit the short term target area of the 3356.70 major Gann square and 61.8% back to the 4/22/25 high at 3366.00, this will be the key level for next week. We will use the ONE44 61.8% rule to get the short term downside target. Use 3366.00 as the swing point for the week. Above it, The low on 5/15/25 held 38.2% at 3164.40 and following the ONE44 38.2% rule we are still looking for a new ATH from it for the long term target. The short term target area is 78.6% of the same move at 3430.00 and the 3446.00 major Gann square. Below it, a setback from a 61.8% retracement can send it 61.8% the other way at 3220.00 per the ONE44 61.8% rule, this is the short term target. The long term target area is 78.6% of the same move at 3178.00 and the 3164.40 major Gann square. Any setback that holds 38.2% at 3276.00 keeps the short term trend extremely positive and a new high can quickly follow. We have done 47 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets. Here is the latest. Sign up for free updates for Gold, Crude Oil, SP 500 and Bitcoin here. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.
Bloomberg
21-05-2025
- Business
- Bloomberg
Bloomberg Daybreak: Europe 05/21/2025
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's Guests: Janet Mui, RBC Brewin Dolphin Head of Market Analysis (Source: Bloomberg)
Yahoo
19-05-2025
- Business
- Yahoo
Chemical Resistant Coatings Market to Reach USD 2.08 Billion by 2030
Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030) Dublin, May 19, 2025 (GLOBE NEWSWIRE) -- The "Chemical Resistant Coatings - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" report has been added to Chemical Resistant Coatings Market size is estimated at USD 1.60 billion in 2025, and is expected to reach USD 2.08 billion by 2030, at a CAGR of 5.35% during the forecast period (2025-2030).Key Highlights Over the Short term, the major factor driving the growth of the market studied include growing infrastructure and industrialization activities in Asia-Pacific region and expansion in oil and gas activities in Asia-pacific and North America region. On the flipside, complex production process and high investment cost are expected to hinder the growth of the market studied. The development of lignin-based polyurethanes is expected to give the market a chance to grow. Asia-Pacific is expected to hold the most considerable market share over the forecast period. Chemical Resistant Coatings Market Trends Oil and Gas Segment to Dominate the Market Oil and gas sector is one of the major end-users for the chemical resistant coatings market. The sector essentially requires chemical resistance, owing to a high temperature environment in its business operations. In addition, apart from high-temperature, the coating is used to prevent metal and steel structures from corrosion and chemicals, as they are exposed to moist and damp climatic conditions. Offshore oil and gas production has some of the most demanding conditions. Therefore, coating systems used in it are to be equipped likewise. Offshore, prolonged exposure to penetrating UV rays and constant contact with rough seawater increases the need for chemical-resistant coatings. United States has maintained its position as the leading crude oil producer globally for the past six consecutive years. In 2023, the country achieved a record-breaking average crude oil production of 12.9 million barrels per day (b/d), surpassing the previous record set in 2019. In December 2023, the average monthly crude oil production in United States reached a monthly record high, surpassing 13.3 million barrels per day (b/d). The Permian Basin, spanning western Texas and eastern New Mexico, has played a pivotal role in driving the surge in total crude oil and natural gas production across United States in recent years. United States is currently producing an unprecedented volume of oil, reaching approximately 13.5 million barrels per day. In addition, major energy corporations are consolidating their operations to boost production from the Permian Basin in Texas and New Mexico. ExxonMobil intends to acquire the shale giant Pioneer Natural Resources for nearly USD 60 billion, while Chevron is planning to purchase Hess for USD 53 billion. in India, in January 2024, the state-run Oil and Natural Gas Corporation (ONGC) initiated oil production from its deep-water block in the Krishna-Godavari basin off the coast of the Bay of Bengal. The block's remaining oil and gas fields are anticipated to commence operations by mid-2024, with peak production estimated at 45,000 barrels of oil per day and over 10 million metric standard cubic meters per day of gas. With approximately 17% of the world's proven petroleum reserves, Saudi Arabia ranks among the most significant net petroleum exporters, boasting the second-largest proven oil reserves globally. Proceeds generated from oil exports have been used to modernize infrastructure, create employment, and improve social indicators. Saudi Aramco, a leading integrated energy and chemicals company, operates extensively across upstream, midstream, and downstream segments. In March 2023, Aramco unveiled a capital expenditure goal of USD 45-USD 55 billion for FY 2023, representing its most significant capital spending plan. This initiative aimed to support an increase in oil production to 13 million barrels per day by 2027. However, the disruption caused by the Saudi Ministry of Energy's order in January 2024 prompted Aramco to halt its plans to elevate crude production capacity from 12 million to 13 million barrels daily Therefore, the growing oil and gas sector is expected to boost the demand for the market studied, during the forecast period. China to Dominate the Asia-Pacific Market In Asia-Pacific, China is the largest economy, in terms of GDP. China is the dominant force in the Asia-Pacific construction landscape, fueled by substantial investments in residential and infrastructure projects. Data from China's National Bureau of Statistics highlights that in 2023, the construction sector contributed approximately 6.8% to the nation's GDP. In 2023, China undertook renovation projects for 53,700 aging residential communities in urban areas, benefiting 8.97 million households, as the Ministry of Housing and Urban-Rural Development reported in January 2024. These renovation endeavors attracted hefty investments of nearly CNY 240 billion (around USD 33.78 billion) for the year. In the recent years, the entry of major construction players (from the European Union) in China has further fueled the growth of this industry. Moreover, China is expected to spend nearly USD 13 trillion on building by 2030. According to the National Energy Administration, China's combined crude oil and natural gas production in 2023 was forecasted to exceed 390 million tons of oil equivalent, reaching a new historical high. Crude oil output exceeded 208 million tons, indicating a growth of over 3 million tons compared to 2022. Additionally, China's natural gas production steadily increased by 10 billion cubic meters annually for the past seven years, reaching 230 billion cubic meters in the preceding year. China's national oil companies (NOCs) are expected to splurge more than USD 120 billion on drilling and well services in the five years between 2021 and 2025. Due to China's growing demand for oil and gas, the country is expected to witness a high level of drilling activity in years to come. Owing to above-mentioned factors, the demand for chemical resistant coatings in Asia-Pacific is expected to increase significantly over the forecast period. Key Topics Covered: 1 INTRODUCTION2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Drivers4.1.1 Expansion of Oil and Gas Activities in APAC and North America4.1.2 Growing Infrastructure and Industrialization in the Asia-Pacific Region4.2 Restraints4.2.1 Complex Production Process and High Investment Cost4.2.2 Other Restraints4.3 Industry Value Chain Analysis4.4 Porter's Five Forces Analysis5 MARKET SEGMENTATION (Market Size in Value)5.1 Resin5.1.1 Epoxy5.1.2 Polyester5.1.3 Fluoropolymers5.1.4 Polyurethane5.1.5 Other Resins5.2 Technology5.2.1 100% Solids5.2.2 Solvent Borne5.2.3 Powder5.2.4 Water-borne5.3 End-user Industry5.3.1 Chemical5.3.2 Oil and Gas5.3.3 Marine5.3.4 Construction and Infrastructural5.4 Geography6 COMPETITIVE LANDSCAPE6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Market Share (%)/Ranking Analysis6.3 Strategies Adopted by Leading Players6.4 Company Profiles BASF Akzonobel Daikin Industries Ltd Hempel AS Jotun Kansai Paint Co. Ltd PPG Industries Inc. RPM International Inc. Sika AG The Sherwin-Williams Company VersaFlex Incorporated 7 MARKET OPPORTUNITIES AND FUTURE TRENDS7.1 Development of Lignin-based Polyurethanes7.2 Other OpportunitiesFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
