Trump pick for energy czar could throw a large hand grenade into fuel prices: Peter McGuire

November 19, 2024

XM Australia CEO, Peter McGuire, cautions traders to brace for market volatility in the coming months, citing potential impacts of US-China trade tensions and President Trump’s energy policies. McGuire suggests Brent crude prices could drop as low as $65 if geopolitical factors remain stable, driven by Trump’s pro-fossil fuel agenda and the appointment of Chris Wright as energy secretary.

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Positive Breakout: These 3 stocks cross above their 200 DMAs

In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 12, according to stockedge.com’s technical scan data.

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