Treasury Secretary Bessent Highlights Trump's Economic Policy Impact
- Monetary Policy Push: Treasury Secretary Scott Bessent emphasized that the Trump administration should leverage its power to stimulate investment and lower interest rates, which will help boost economic growth and improve market confidence.
- Tariff Negotiation Capability: Bessent noted that the Trump administration has the capacity to renegotiate tariffs and maintain current levels, which holds significant strategic importance in international trade, particularly in negotiations with Mexico and Canada.
- International Economic Impact: He mentioned that tariffs implemented under the International Emergency Economic Powers Act have compelled partners like Mexico and Canada to engage in discussions on combating illicit goods, indicating an increasing U.S. influence in global trade.
- Energy Market Outlook: U.S. Energy Secretary Chris Wright projected that Venezuela's oil production could increase by 50% in the next 18 months, which will significantly impact global oil prices and potentially enhance the efficiency of U.S. energy exports.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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