Greg Michalowski

Baker Hughes total rig count rises by +3 to 551

• Bakers Hughes Rig count for the current week.

European shares close lower on the day and lower on the week

EURUSD sellers are leaning aganst corrective resistance targets keeping sellers in control

• Resistance at 1.1655 and swing area between 1.16377 to 1.1646 keeps the sellers in the drivers seat.

Silver is sharply lower on higher USD/higher yields. Technically breaks the 100 day MA.

• Silver price plunges as USD rises, breaking key technical level of 100-day moving average. Traders eye $75 support to gauge market direction.

Microsoft shares are higher as Pershings Ackman bets on the company

• Bill Ackman's Pershing Square invests in Microsoft, driving shares up despite market decline. Ackman sees long-term potential in Microsoft's enterprise software and AI capabilities, challenging investor skepticism. Microsoft's stock faces key resistance levels on its path to recovery.