The cruise line industry is experiencing a new bullish trend, driven by strong earnings and analyst upgrades, with Carnival Corp. (CCL) showing signs of overbought conditions but indicating potential for further growth. The breakout above the $19.50 resistance level on both weekly and daily charts suggests a retest of the 2021 high in the low 30’s, with the Chandelier Exit system serving as a useful tool to manage downside risk and confirm the strength of the uptrend. By utilizing sound technical analysis strategies, investors can capitalize on the emerging uptrend while safeguarding against potential pullbacks.
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Oil prices fall as IEA sees global market ‘comfortably supplied’ next year
Oil prices fell on Thursday as the International Energy Agency revised down its global oil-demand growth estimate for this year. The market is expected to be "comfortably supplied" until 2025, leading to a decrease in oil prices after a three-session streak of gains. Full Article
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