INTEL GAINS ON REPORT IT IS IN TALKS TO BUY GLOBALFOUNDRIES FOR $30 BILLION
Intel (NASDAQ:INTC) is trading down 1.26% at 55.81

Intel (NASDAQ:INTC) stock was up almost 1% in Friday’s premarket trading on a report in The Wall Street Journal that the company is in talks to buy GlobalFoundries for about $30 billion.

TRADE SIGNAL – : Intel (NASDAQ:INTC) – SELL: 55.81, TARGET: 55.29, STOP LOSS : 56.51

capitalstreetfx.com/en/intel-gains-on-report-it-is-in-talks-to-buy-globalfoundries-for-30-billion/

EUROPEAN STOCK FUTURES MIXED; EUROZONE INFLATION DUE
European stock markets are seen opening mixed Friday, stabilizing after the previous session’s sharp losses ahead of the release of Eurozone inflation data for June.

The FTSE MIB climbed up by 0.12% to 24,907.82. In the cash markets, the DAX futures Germany was trading up 0.42% to 15,673.17. CAC 40 futures in France rose by 0.38% to 6,517.60 while the FTSE 100 futures in the U.K. were up by 0.37% to 7,037.88. ,at the time of writing.
https://www.capitalstreetfx.com/en/european-stock-futures-mixed-eurozone-inflation-due/

OIL UP, BUT HEADS TOWARDS BIG WEEKLY DECLINE OVER COVID-19, OPEC+ DEAL UNCERTAINTY
Brent Oil was trading 0.11% up at $73.55

Oil was up Friday morning in Asia, but was headed towards the biggest weekly decline since mid-March 2021. Worsening outbreaks of COVID-19 involving the Delta variant in some countries and uncertainty over an OPEC deal to boost supply clouded the short-term outlook for the black liquid, however.

Brent Oil Futures were steady at $73.47 by 12:58 PM ET (4:58 AM GMT) and WTI Futures inched up 0.08% to $71.71.


On the technical front Brent Oil , RSI Stood at 47.835, the current price is trading Below the Moving Averages 5 & 20 . So, a Sell trade can be executed with the following target and stop-loss:

TRADE SIGNAL- Brent Oil – SELL: 73.60, TARGET:-63.60, STOP LOSS:- 78.60

https://www.capitalstreetfx.com/en/oil-up-but-heads-towards-big-weekly-decline-over-covid-19-opec-deal-uncertainty/