All Activity

WTI Elliott wave analysis Function - Counter-trend Mode - Corrective Structure - Triple Zigzag Position - Wave X of triple zigzag Direction - Wave X of the triple zigzag is still in play Details - We still count a double zigzag for wave X. Current rally should stay below 85.64 to confirm (b) before turning down for (c) around 79.23-76.90. Invalidation below 75.49 will make us consider an impulse from 87.63 instead. Overall, WTI still supports the medium-term bullish triple zigzag sequence provided 75.49 is not breached. Not changed from the last update. WTI crude oil prices are currently undergoing a retracement of the pullback initiated on April 12th. This pullback, in conjunction with the ongoing recovery, appears to be corrective rather than indicative of a substantial reversal. Looking ahead, there's a likelihood of witnessing another upward movement surpassing the high set on April 12th in the upcoming weeks. However, it's crucial to note that the bullish corrective sequence, initiated in December 2023, remains intact, awaiting a definitive break, potentially signaled by an impulse wave downward. Analyzing the long-term perspective, particularly on the daily chart, reveals a corrective price structure evolving from the high of 120.91 in March 2022. This corrective phase retraces the preceding impulse wave, which spanned from the tumultuous period of April 2020 to its culmination in March 2022 at 130.91. This corrective pattern is unfolding into a double zigzag formation, with the current phase representing the final leg, denoted as wave Y of primary degree. Considering the intermediate degree wave (B) from 67.81, it's imperative that the price does not breach 95 before initiating a downturn for the corresponding wave (C). Despite the potential completion of wave (B) at 87.63 with a double zigzag pattern, the subsequent decline appears corrective in nature, leaving room for the possibility of another upward rally, perhaps forming a triple zigzag wave (B). However, a decisive downward break from 87.63 would indicate the commencement of wave (C) with an impulse or leading diagonal pattern. Zooming in on the H4 chart, a double zigzag formation is taking shape from 87.63, expected to conclude within the range of 79.23 to 76.90 before the price reverses direction for wave Z of (B). This constitutes the first scenario. Alternatively, if wave (b) extends higher and surpasses 87.63, it would signify the completion of wave X, with wave Z poised to ascend further. The third scenario comes into play if the decline extends beyond 75.48, potentially signaling the completion of wave (B) at 87.63 and indicating a bearish outlook for wave (C). Monitoring these scenarios on the H4 charts will provide valuable insights into the unfolding price dynamics, guiding potential trading strategies in the volatile WTI crude oil market. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

Why are your June No Lead Gasoline futures, with an expiry of 30-May, shown as "Closing only: contract due to expire" but your May No Lead Gasoline, expiring 29-Apr, shown as tradable? Your futures desk really ought to be on top of this, it makes it extremely difficult to trade futures when you only put the near term futures up to trade and then over-write with the next roll. It's not the first time I've seen this happen. Ideally, you should be showing at least the next 3 contracts.

Dear @KoketsoIG Can you please help me with my question?

Please be advised that our opening hours will be adjusted on 1 May 2024 for International Workers’ Day and 6 May 2024 for the UK Early May Bank Holiday. Where appropriate, the times listed are in GMT. Date Market hours Wednesday 1 May International Workers' Day European, Hong Kong & South African equity markets will be closed. We’ll offer out-of-hours pricing on European, Hong Kong and South African indices until 10 pm GMT. European rates and bonds will be closed. New York Cocoa, New York Coffee, and New York Sugar will open later at 12.30 pm GMT. Monday 6 May Early May Bank Holiday UK equity markets and index futures will be closed. We will offer out-of-hours pricing on the FTSE 100. UK interest rates and bonds will be closed. Disclaimer: The information provided above is accurate to the best of our knowledge. They are subjected to change and should only be used as guidance.

MSFT Elliott Wave Analysis Trading Lounge Daily Chart Microsoft Inc., (MSFT) Daily Chart MSFT Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag POSITION: Intermediate (2) DIRECTION: Bottom in wave A of (2). DETAILS: We are considering a significant top in place with wave (1), and we are now looking for a three wave move correction into wave (2). We seem to be finding buyers on Medium Levell 400$, looking for 400$ to turn into resistance. MSFT Elliott Wave Analysis Trading Lounge 4Hr Chart Microsoft Inc., (MSFT) 4Hr Chart MSFT Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag POSITION: Wave A. DIRECTION: Bottom in wave {v}. DETAILS: I can count a clear five wave move into wave A, with alternation between {ii} and {iv}. Looking for a pullback in wave B to then fall back lower. In this comprehensive Elliott Wave analysis for Microsoft Corporation (MSFT), we provide an in-depth review of the stock’s potential movements based on its current wave patterns, as observed in both the daily and 4-hour charts on April 26, 2024. This analysis aims to assist traders and investors in understanding the underlying market dynamics and planning their strategies accordingly. * MSFT Elliott Wave Technical Analysis – Daily Chart* The daily chart of MSFT shows the stock in a corrective phase with a zigzag structure, identified as Intermediate wave (2). Currently, the stock is witnessing a bottom formation in wave A of (2). After observing a significant top in wave (1), MSFT appears to be undergoing a corrective three-wave movement. The price level around $400, which has been attracting buyers, is anticipated to evolve into a resistance level. Traders should monitor this zone closely for potential reversal signals. * MSFT Elliott Wave Technical Analysis – 4Hr Chart* Moving into the 4-hour chart, the analysis continues to reflect a counter-trend with a zigzag corrective structure, highlighting the end of Wave A. Here, a clear five-wave movement has been identified, with distinct alternations between waves {ii} and {iv}. The current position, at the bottom of wave {v}, suggests that the stock might experience a short-term pullback in wave B before potentially declining further. This provides a strategic point for traders to look for entry and exit points during the unfolding of wave B.

Oh, thank you, that's helpfu!

Response from IG help via email confirming streaming shares data is not posslbe : Unfortunately, we are unable to provide historical or streaming of pricing for Equities (Shares) and certain indexes, this is due to restrictions by our data providers. This restriction applies to all markets that generate the "error.unauthorised.access.to.equity.exception" error, including but not limited to: Equities China A50 Index Singapore Blue Chip Index India 50 Index Volatility Index

Recently, the Australian S&P/ASX 200 index slightly fell by 0.01%, with this fluctuation mainly influenced by the latest release of the Consumer Price Index (CPI) data. This data not only demonstrates current inflationary pressures but also directly impacts the stock market in the short term. Senior analyst Thomas McGee delves into the impact of these economic indicators on the Australian stock market and discusses the economic logic behind this data and its potential effects on future monetary policy by the Reserve Bank of Australia (RBA). Market Impact of Inflation Data The CPI data for the first quarter released today showed an annual growth rate of 3.6%, surpassing the market expectation of 3.4%. This immediate announcement led to a drop of about 0.5% in the S&P/ASX 200 index, and the market failed to recover these losses by the closing bell. Thomas McGee points out that this rapid response highlights the sensitivity of investors to inflation trends and their immediate impact on the stock market. In addition to the direct reaction of the stock market, the yield of Australian 2-year government bonds also significantly rose by 0.12%, breaking the 4.4% level for the first time since December last year. This change not only reflects the response of the bond market to the CPI data but may also indicate a cautious stance by the RBA regarding rate adjustments in the short term. Forward-looking Analysis of Monetary Policy Following the release of inflation data, the expectation on the market of the first rate cut of RBA has been postponed to after 2025. Thomas McGee emphasizes the importance of this change for investment strategies. He suggests that investors consider how changes in monetary policy will affect market dynamics when making long-term investment decisions, especially in a scenario where rates may remain elevated for an extended period. With inflation data showing higher than expected figures, the market predicts that the RBA may not cut rates in the short term, intensifying expectations of rate hikes. Thomas McGee mentions that this shift in expectations requires investors to reassess their investment portfolios, particularly in terms of fixed-income asset allocation. Furthermore, Thomas McGee notes that although the market may face pressure in the short term, this could also present entry opportunities for investors seeking higher yields. Companies that can maintain cash flow in a high-rate environment may become preferred investment targets. Addressing Challenges and Seizing Opportunities Despite the uncertainties and challenges brought by the current inflation data, Thomas McGee believes that investors can still find stable investment opportunities in this complex environment through thorough market analysis and understanding of future economic policy trends. He encourages investors to maintain flexible investment strategies while closely monitoring changes in economic indicators and central bank policies to effectively address potential market fluctuations and achieve value growth in future investments.

EURUSD Elliott Wave Analysis Trading Lounge Day Chart, Euro/U.S.Dollar(EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE:red wave 3 POSITION: blue wave 3 DIRECTION NEXT HIGHER DEGREES:red wave 4 DETAILS: red wave 2 looking completed at 1.08854 .Now red wave 3 of 3 is in play . Wave Cancel invalid level: 1.08854 The EUR/USD Elliott Wave Analysis for the Day Chart identifies a trend with impulsive characteristics, reflecting significant and consistent movement in one direction within the Elliott Wave structure. This technical analysis helps traders understand market momentum and potential shifts. ### Function The function is described as "Trend," indicating that the analysis is focused on the overall direction of the market, typically associated with impulsive waves that drive price action forward. ### Mode The mode is categorized as "impulsive," pointing to robust, one-directional movement, often linked to waves that exhibit strong trends and rapid price shifts. This mode typically represents the waves driving the broader trend. ### Structure The structure is "red wave 3," suggesting that the observed wave is the third wave in a larger Elliott Wave pattern. The third wave is generally the strongest among impulsive waves, indicating significant upward or downward momentum. ### Position The position is "blue wave 3," indicating that the analysis focuses on a specific segment of the broader wave structure. This positioning aligns with a mid-phase impulsive wave within the larger cycle. ### Direction for the Next Higher Degrees The expected direction for the next higher degrees is "red wave 4," which usually signifies a corrective phase following the completion of an impulsive wave. This direction suggests that once red wave 3 concludes, the market could enter a consolidation or retracement period before the next impulsive phase. ### Details The details provide more granular information about the wave structure. Red wave 2 is considered complete at the 1.08854 level, indicating that the corrective phase has likely ended, paving the way for red wave 3, which is now in play. This suggests a continuation of the impulsive trend, signifying strong market movement. The "Wave Cancel invalid level" at 1.08854 serves as a critical threshold, suggesting that if this level is breached, the current Elliott Wave structure would be invalidated, leading to a new interpretation of the market dynamics. Overall, the EUR/USD Elliott Wave Analysis for the Day Chart points to a strong trend with impulsive movement in red wave 3, indicating significant momentum and directional movement. The completion of red wave 2 at 1.08854 suggests that the corrective phase has ended, with red wave 3 now driving the trend forward. EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, Euro/U.S.Dollar(EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE:black wave 3 POSITION: red wave 3 DIRECTION NEXT HIGHER DEGREES:black wave 4 DETAILS: black wave 2 looking completed or near to end .Now looking for black wave 3 to play or is in play . Wave Cancel invalid level: 1.08854 The EUR/USD Elliott Wave Analysis for the 4-Hour Chart provides insights into the Euro versus the U.S. Dollar market using the Elliott Wave framework. This analysis identifies a trend scenario with impulsive characteristics, indicating the presence of strong directional movement within the observed wave structure. ### Function The function is described as "Trend," suggesting that the analysis explores a segment within the broader directional trend. This typically involves a focus on the impulsive waves that drive the primary market movement. ### Mode The mode is categorized as "impulsive," pointing towards a strong, one-directional movement. Impulsive modes are often associated with rapid price changes and suggest a clear trend pattern, as opposed to corrective phases that indicate consolidation or retracement. ### Structure The structure identified is "black wave 3," indicating that the observed wave pattern represents the third wave within the larger Elliott Wave cycle. Black wave 3 is typically 2 / 2 the strongest and longest among impulsive waves, indicating that the current trend may be gaining momentum. ### Position The position of the analysis is "red wave 3," denoting that the specific wave under consideration is part of the larger black wave 3. This positioning aligns with a mid-phase impulse within the broader wave structure. ### Direction for the Next Higher Degrees The expected direction for the next higher degrees is "black wave 4," indicating that after the completion of the current impulsive wave, the structure will likely transition into a corrective phase. Black wave 4 typically signifies a temporary retracement within a broader impulsive pattern. ### Details The details provide more specific information about the current wave structure. Black wave 2 is considered completed or near completion, suggesting that the impulsive phase (black wave 3) is about to commence or is already underway. This is a critical juncture in the Elliott Wave cycle, as it indicates a shift from a corrective phase to a renewed impulsive trend. The Wave Cancel invalid level is set at 1.08854, indicating a key threshold. If this level is breached, the current Elliott Wave structure would be invalidated, necessitating a new interpretation of the market pattern. In summary, the EUR/USD Elliott Wave Analysis for the 4-Hour Chart focuses on an impulsive trend structure, with black wave 3 suggesting strong market momentum. The analysis anticipates the end of a corrective phase and the beginning of an impulsive wave, with a Wave Cancel invalid level providing a key point for maintaining the validity of the current Elliott Wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED - NAB. We identify wave ((iv))-green as having ended, and the potential for wave ((v))-green is open to push higher. ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave ((v))-green Details: The short-term outlook shows that wave ((iv))-green has just ended, and the push up quite high since 32.60 also suggests the return of wave ((v))-green. Invalidation point: 32.60 ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 4-Hour Chart Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave i-blue of Wave ((v))-green Details: The shorter-term outlook suggests that the ((iii))-green wave has recently peaked, and the ((iv))-green wave has unfolded in the form of a Flat correction, with the ((iv))-wave likely completed. The ((v))-green wave is now unfolding to push prices higher. We are closely monitoring NAB, and there will soon be a long-term trading opportunity with NAB. It looks like wave ii-blue is opening up, pushing a little lower, before wave iii-blue returns to push even higher. Invalidation point: 32.60 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge Daily Chart ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: the corrective of Wave (II) is equal to 61.8% of Wave (I) at 8.702 Log scale chart ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: Wave ((C)) of Zigzag Wave Cancel invalid Level: 81.238 Details: The Five-Wave Decline of Wave ((C)) trend to test 11.582 Level ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!

Okay, I'll grab the ultimate sloth at a lower price😑😑

Opportunity to grab the gem at lower...

Grabbed, let's 🚀🚀

I don't understand - the epics for live and demo accounts are the same, e.g. KA.D.HSBA.DAILY.IP is the same for demo and live?

Thanks, I can see it is there, but I cannot see what FTSE 350 sector it belongs to. I am looking for the breakdown of all the sectors, ie what stocks belong to each of the following "epic" sectors (that sheet is useful but it doesnt tie back 100%): FTSE 350 Banks FTSE 350 General Retailers FTSE 350 Mining FTSE 350 Oil and Gas Producers FTSE 350 Real Estate Investment Trusts FTSE 350 Aerospace and Defence FTSE 350 Household Goods and Home Construction FTSE 350 Beverages FTSE 350 Chemicals etc

CatGPT isn't your average meme coin. Launched in June 2023, this AI-powered token on Solana boasts a working AI chatbot with its own personality (and perhaps a desire for world domination, according to its fans!). But CatGPT's claws reach further than just memes. This feline token has generated significant buzz with its well-structured tokenomics and high trading activity. Over $4 million locked in liquidity and $100 million in trading volume within a short period is no small feat. Plus, an active and enthusiastic community fuels the FOMO fire, with KOLs and the project team keeping the engagement high. CatGPT's listing on Bitget todayis a sign to watch closely – this meme coin with a technological twist might just have nine lives of success ahead.

Introducing BlackCardCoin, a revolutionary cryptocurrency designed to streamline digital transactions and empower users in the modern financial landscape. Built to seamlessly integrate with the BlackCard, this platform simplifies the process of spending and earning cryptocurrency, mirroring traditional money exchanges. At its core, BlackCardCoin aims to break free from the constraints of traditional banking systems, offering individuals a pathway to maximize their financial potential. With a focus on providing a secure, rewarding, and hassle-free financial experience, BlackCardCoin offers users unparalleled benefits. Key Features: BlackCard Integration: The BlackCard serves as a gateway to utilizing cryptocurrency like regular money on a global scale. Offering no spending limits, up to 13% CashBack on purchases and cash withdrawals, and boasting fee-free transactions, the BlackCard enables users to shop and access cash worldwide with unprecedented ease. Fee-Free Staking Mechanism: One of the standout features of BlackCardCoin is its fee-free staking mechanism. Users can secure both virtual and physical cards by staking $1,000 for a period of 6 months. This not only waives delivery fees but also rewards users with 10% of their stake back in USD, significantly enhancing their purchasing power. Market Performance: Recent market trends have seen BlackCardCoin experience a remarkable surge in price, with its value skyrocketing by over 4000% within just 30 days. This surge can be attributed to the growing popularity of the BlackCard crypto credit card and the unparalleled convenience that BlackCardCoin offers for crypto spending. Furthermore, its listing on major cryptocurrency exchanges like Bitget and Mexc has further bolstered its adoption and market traction.

Another Advance algorithm innovation #Ranzo Protocol hit the Bitget Pre-market trading. an over-the-counter (OTC) platform that specializes in providing a marketplace for new coins before their official listing. The unique features facilitates peer-to-peer trading between buyers and sellers, allowing them to acquire coins at optimal prices and secure liquidity in advance. Think of it as a sneak peek into the crypto world, where you can grab tokens before they become widely available. Ranzo protocol is an innovative platform that aims to revolutionize the way users trade cryptocurrencies. By utilizing a unique algorithm, Ranzo protocol provides a decentralized environment for traders to execute trades more efficiently and securely. This protocol ensures transparency and trust in transactions, making it a reliable option for users looking to engage in trading activities. One of the key advantages of the Ranzo protocol is its high level of security. The decentralized nature of the platform eliminates the risks associated with traditional centralized exchanges, such as hacks and theft. Users can have peace of mind knowing that their assets are protected by a robust security system. Additionally, the Ranzo protocol offers fast transaction speeds and low fees, making it an attractive option for users who want to execute trades quickly and cost-effectively. The platform's advanced algorithm enables swift processing of transactions, resulting in a smooth trading experience for users. The combination of the Ranzo protocol's advanced technology, security features, and trading benefits, along with Bitget's reputable platform, makes joining pre-market trading on the listing date a compelling opportunity for users seeking to enhance their trading experience and maximize their investment potential.

I've heard that the APRs can be quite competitive and change frequently, which can be beneficial for maximizing earnings. Staking seems like a relatively accessible way to earn on idle crypto assets, and it's awesome that it offers attractive returns and innovation not found in traditional finance. For anyone looking to explore new investments, staking and flexible savings could be worth considering. It's important to DYOR, but for crypto enthusiasts, it seems like a promising way to unlock diversified, sustainable passive income streams. If you're interested in making some extra cash, you might want to check out these legit apps to make money. They could be a fun and easy way to earn a bit on the side.

While the posts Bitcoin halving haven't been eventful for some people so far, investors are always brainstorming effective ways for people earn with the BTC they already own. In that regards, my early morning surfing landed me at the shores of BounceBit and I believe it's CeFi + DeFi model is worth sharing. BounceBit basically is a pioneering native BTC Restaking chain that's reshaping how Bitcoin holders earn yield on their assets while securing its network through a dual-token staking system that combines the robustness of Bitcoin and the flexibility of BounceBit tokens. What was impressive in my opinion was how users generate passive income from their idle BTC. They achieved this with their first-of-its-kind Proof of Stake mechanism which leverages native BTC security while ensuring full Ethereum Virtual Machine compatibility. Supported by giants like Binance Lab, Breyer Capital, and Blockchain Capital, BounceBit is poised to transform Bitcoin’s utility and it’s Pre-Market Trading just rolling out on Bitget I believe will be another milestone in their journey.

Nasdaq 100 and S&P 500 drop back as Hang Seng continues to rally US indices are struggling in the wake of Meta’s earnings last night, but the Hang Seng is showing fresh strength. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Thursday 25 April 2024 13:53 Nasdaq 100 rally torpedoed by Meta earnings The index reversed course yesterday, giving back most of the gains made on Tuesday, as earnings from Meta soured sentiment. The price remains well above last week’s low for the time being, but with more earnings from Big Tech due in the coming week, further upward progress may be difficult. So long as the price holds above last week’s low at 16,970 then a bounce may yet materialise. A close back above 17,700 would help to bolster the bullish view. Alternately, a close back below 16,970 will bring the late 2021 high at 16,630 into play, and then on down to the 200-day simple moving average (SMA). Source: ProRealTime S&P 500 stumbles on tech earnings This index also took a knock on Wednesday, though it continues to look like it has created a higher low. A push back above the highs of the week so far at 5093 would mark a bullish development, and would open the way to the 50-day SMA, and then on to the highs from late March at 5274. Sellers will want to see a reversal back below the 100-day SMA and below last week’s low at 4925 to provide a more bearish view. Source: ProRealTime Hang Seng surges through key level This index has seen an impressive bounce from the lows of mid-April, which has caried it above 17,000 and the 200-day SMA. It has also succeeded in closing above the latter, for the first time since July. If the price can manage a close above 17,200, then this will be a significant development. 17,200 was the high from early January, and also the peak of March and April, as well as being support from early November. Further gains target the November 2023 high around 18,300. A reversal back below the 200-day SMA would be needed to put more of a dent in the bullish view. Source: ProRealTime

Sourece: Getty Images Mergers and acquisitions Valuation Iron ore Leverage Balance sheet Written by: Shaun Murison | Senior Market Analyst, Johannesburg Publication date: Thursday 25 April 2024 14:56 Key takeaways BHP has proposed a strategic all-share merger with Anglo American Anglo American's shareholders would receive 0.7097 BHP shares for each Anglo American share, plus shares in Anglo American Platinum and Kumba Iron Ore distributed proportionally This proposal values Anglo American at approximately £31.1 billion, a premium over current valuations The merger aims to combine BHP's high-margin, cash-generative assets and strong balance sheet with Anglo American’s diverse commodities portfolio The proposal remains non-binding, subject to due diligence, with no firm commitment yet made BHP has reserved the rights to alter the terms or structure of the proposal, while also setting a deadline of May 22, 2024, to formalize their intention Further strategic reviews of Anglo American’s operations, particularly its diamond business, are planned post-merger Strategic Merger Proposal BHP has proposed a strategic all-share merger with Anglo American, offering 0.7097 of its shares for each Anglo American share, with additional distributions of shares in Anglo American Platinum and Kumba Iron Ore to Anglo American shareholders. This proposal aims to consolidate the strengths and portfolios of both companies for enhanced market competitiveness and growth. Valuation Premiums and Financial Benefits The proposal values Anglo American's share capital at approximately £31.1 billion, offering a substantial premium over current market valuations. Anglo American shareholders would see an immediate increase in value, with a significant premium on the weighted average share price over the past 90 days, alongside direct holdings in Anglo Platinum and Kumba. Operational Synergies and Growth Potential The merger is designed to leverage operational, procurement, and marketing synergies between BHP and Anglo American, which could enhance profitability and yield significant cash flows. Key synergy areas include combining high-quality assets from both companies, particularly in iron ore, metallurgical coal, and other future-facing commodities like potash and copper. Strategic Review and Talent Integration Post-merger completion, Anglo American’s high-quality operations, including its diamond business, will undergo a strategic review. Furthermore, the merger aims to utilize the deep talent pool from both organizations to drive successful integration and operational excellence, potentially benefiting broader community stakeholders. Conditional and Non-binding Nature of the Proposal The proposal, while detailed, remains non-binding and subject to conditions such as satisfactory due diligence and regulatory approvals. BHP has set a deadline of May 22, 2024, to either declare a firm intention to proceed with the offer or withdraw, emphasizing the cautious approach and compliance with regulatory norms governing such transactions. Anglo American Plc (FTSE) analyst ratings Source: IG TipRanks Based on 12 Wall Street analysts offering 12 month price targets for Anglo American in the last 3 months. The average price target is 2510.77p with a high forecast of 3264.41p and a low forecast of 1741.02p. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Gold and silver losses pause, while Brent crude oil tiptoes higher Gold and silver continue to form an apparent higher low, while oil prices are aiming to resume their move higher. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Thursday 25 April 2024 14:02 Gold selling halted for now For the moment the price has managed to halt any further declines. Early trading has seen the price attempting to move higher, having found buyers at the lows just above $2300. A close above $2340 could trigger a new move to the upside that would target $2400. Sellers will want to see a close back below $2300 and then below $2291, the low from Tuesday, though the broader uptrend is still firmly intact. Source: ProRealTime Brent edges higher Oil prices wobbled yesterday after the solid gains seen on Tuesday, but have put their best foot forward in early trading this morning. A higher close today would help to reinforce the view that a higher low was created last week when the price bounced off the 50-day simple moving average. Further gains would head towards $90, and then on to the early April high around $91.50. Source: ProRealTime Silver stabilises above $27 Silver prices have also stemmed the losses over the past week, holding above $27. A higher close today will help bolster the bullish outlook and suggest that a higher low has formed around $27. Additional gains target the mid-April highs at $29. A close below $26.50 would mark a bearish development and, as with gold, suggest a deeper retracement in a broader uptrend. Source: ProRealTime