$BTC fell further today on news of a ban on one exchange, leveraged position liquidations, ETF outflows and delays to pro crypto legislation, and it is now testing its key support (a price area where buyers tend to step in) (Sunday Guardian). Today's natural gas move could not be verified. Oil fell as the chance of new strikes on Iran eased, hopes of de-escalation grew, and a growing supply surplus is estimated, after a heavy drop last week too (Yahoo Finance). Gold was roughly flat and silver was weaker as cheaper oil reduced the demand for inflation hedges; inflation data due today and in the coming days will drive the market (Gold Stock Canada). Nothing verified was found on Tesla and SpaceX. Alphabet and Microsoft are up less than 1 percent premarket, showing investors are hesitant to take big positions (Reuters via Yahoo Finance). On Intel, the verified news is that Intel, Marvell and Qualcomm are slightly lower premarket, while the claim that AMD is rising could not be verified (Reuters via Yahoo Finance). A large chip company's shares fell more than 4 percent after it said it is conducting an internal probe into whether its CEO was the target of a foreign intelligence effort (Reuters via Yahoo Finance). The 10 year yield (the return on government debt) is slightly higher (Reuters via Yahoo Finance). S&P 500, Dow and Nasdaq futures (contracts on future index prices) are higher on bargain hunting after last week's steep slide, while fears of a December rate hike persist (Reuters via Yahoo Finance). This is a market observation only, so base your trading decisions on your own research and risk tolerance.
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