19.12.41 US OIL 70.30 USD - expect the unexpectedConsolidation done. Still huge conflicts in Middle East.
And we all know, what happend, when tanker blocked in street of hormuz or suezmax or havarie before in harbour Rotterdam. Whole econmic world is forced by hours/days in logistics.
So be prepared for move in Oil.
19.12.24/Dan
Conflict
Crude Oil Technical Analysis - October OutlookCrude oil is showing a notable recovery from its recent lows, currently trading around the $72 mark. A few key observations based on the price action and indicators:
Price Pattern and Trend:
The chart shows a classic descending wedge pattern, which signals a potential bullish reversal. The breakout from the wedge is accompanied by a price surge above the 20-day and 50-day moving averages, suggesting a short-term trend change.
Key Support Levels:
Immediate Support : Around $70.64, marked by the breakout level.
Strong Support : At $68.23, where significant buying interest has been observed in the past, reinforced by a bullish consolidation zone.
Resistance Levels:
First Resistance: $72.11, which has been tested, with potential room for the price to move higher if momentum sustains.
Critical Resistance : $77.23, which coincides with a strong historical supply zone. A close above this level would signal further bullish momentum
.
Volume Profile Insight:
A noticeable shift in the volume profile near the $70 mark suggests accumulation by institutional investors, hinting that buyers are stepping in to defend this level.
RSI Indicator
: The Relative Strength Index (RSI) has bounced back from oversold levels and is now showing early signs of positive divergence, supporting the case for an upward move.
Geopolitical Factors:
With rising tensions in the Middle East, as highlighted in the annotation, traders and investors are pricing in potential supply disruptions, contributing to the recent spike in oil prices.
Conclusion:
Oil prices may continue to rise in the short term, with $72.11 being a key level to watch. If sustained above this, the next target would be $77.23. However, if prices fall back below $70, we could see a retest of support at $68.23. Given the geopolitical uncertainty, traders should remain cautious of potential volatility.
Look Out Below Market Trends Up This WeekWorking on very preliminary theories of where we could be based on the movement so far. Check out my last analysis from a month ago to see why I thought we were due a major market correction.
Theory has us in:
Supercycle 2, Cycle wave 1, Primary wave 1, Intermediate wave 2.
Assuming we are in the very early stages of a large macro level wave 1 down (Cycle 1), we are likely inside the first wave (Primary 1) of that movement. We may have just completed Intermediate wave 1 down, however, the pace was so fast it may still be early in Intermediate wave 1.
The wave 3 reversal indicators signaled much more than normal which means they all called the end of the impulse waves correctly, or the first group in the currently marked Minor wave 1 was inaccurate. As it is laid out now, Minor wave 2 retraced around 50% of wave 1's drop. Wave 3 extended nearly 161% of wave 1's movement. Wave 4 retraced nearly all of wave 2's movement and wave 5 extended nearly 261% of wave 3's movement. These are all close to Fibonacci movements commonly used for identifying reversals. Although Minor wave 3 as marked is short at just 12 bars long, wave 5 was 11 bars long (as marked) maintaining a wave principle on 3's length. There is enough here to consider Intermediate wave 1's movement complete. Confirmation of this theory should occur if Intermediate wave 2 sees general upward movement over the next week. Intermediate wave 1 currently measures 82 bars. 38.2% of this length is 31.324 bars, so I have rounded up to 32 bars for a premature potential length of Intermediate wave 2.
As far as real world catalysts, the primary earth mover is likely in the Middle East. The world is bracing for a coordinated Iranian strike against Israel. A few articles today mentioned the Tisha B'Av which takes place on August 12-13 as a potential retaliation date. This would begin around bar 33 for Intermediate wave 2.
IF we truly are in the early stages of a wave 2, a third wave with a simple common wave extension of 161.8% would place a low at 4731.93. The next normal wave 3 retracement at 261.8% would put a low at 4150. IF we are truly in a longer term major bearish cycle, 4150-4731 is a normal move here. A catalyst to get the market there could be significant unrest in the Middle East capable of not only disrupting energy supply, but shipping, manufacturing, and elevated geopolitical tensions.
USOIL SHORT
The price may rise to $82 but could also fall to about $70.
101.9 million barrels of oil will be consumed worldwide per day.
By next year, the oil markets appear to be oversupplied.
Highlights
Lower Russian output and more demand brought on by China's reopening could help oil prices.
Low demand and a bleak macroeconomic outlook for China
When the Energy Information Administration releases its inventory figures on Wednesday, more oil-related information will be available.
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**First Scenario - Long:**
Initial Target: $80.90
Entry: $79.08
Stoploss: $77.47
**Second Scenario - Short:**
Initial Target: $74
Entry: $78.34
Stoploss: $79.2
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After a long wait, I am currently waiting for this pair to give me my confirmation for a Short position (Data)
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Take into consideration:
It appears that the market has settled in a range of $79.44 to $76.86, with the 7.68 retracement level above the latter being significant.
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NFA
DYOR
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Good Luck!
⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
DEFENSE WINS CHAMPIONSHIPS (Global Conflict Summary EDITION)Per the council of foreign relations, these are the following current global conflicts. I've included a brief description of each conflict. It's important to understand these if you're planning or already are investing in defense stocks.
Per TA, I've labeled bearish price targets, bullish price targets, relevant trends. It looks overvalued from analysis on ITA, but there is upside. I'd say that short term probably favors bulls (talking maybe weeks if not less), mid term probably favors the bears (multiple months), long term will likely favor bulls, but it will depend on the movement we see over FEB and March.
Global Conflict Summary
Americas
Criminal Violence in Mexico
The criminal violence in Mexico involves various organizations such as Sinaloa, Los Zetas, Tijuana/AFO, Juárez/CFO, Beltrán Leyva, Gulf, La Familia Michoacana, the Knights Templar, and Cartel Jalisco Nuevo Generación (CJNG). The violence is attributed to the increase in crime rates and the limited interventions by the state and municipal police.
Instability in Haiti
The instability in Haiti involves the government, opposition parties, and the international community. The crisis revolves around the dispute over the presidential term and the government’s inability to control skyrocketing prices of commodities.
Instability in Venezuela
Venezuela is facing an unprecedented social and humanitarian collapse due to poor economic policies, political conflict, and the international community’s unsuccessful attempts to bring about positive change. The conflict involves the government under President Nicolás Maduro and opposition groups.
Asia
Instability in Afghanistan
Since the Taliban reclaimed control of Afghanistan in 2021, the country has further plunged into political and economic instability. The conflict involves the Afghan government, the Taliban, and various local and international actors.
Territorial Disputes in the South China Sea
China’s sweeping claims of sovereignty over the sea have antagonized competing countries. The key parties involved in this territorial dispute are China, the Philippines, and the US.
North Korea Crisis
North Korea could resort to nuclear weapons in a crisis as it is making significant progress toward implementing a more robust nuclear strategy. The crisis involves North Korea, South Korea, the United States, Japan, and other international actors.
Instability in Pakistan
Pakistan continues to face multiple sources of internal and external conflict. Extremism and intolerance of diversity and dissent have grown, threatening the country’s prospects for social cohesion and stability. The conflict involves the Pakistani government, opposition groups like the Pakistan Muslim League and the Pakistan Peoples Party, and militant groups like the Tehrik-e-Taliban Pakistan (TTP).
Conflict Between India and Pakistan
Since 1947, India and Pakistan have been involved in a number of wars, conflicts, and military standoffs, with the Kashmir conflict serving as the catalyst for every war between the two states. The conflict primarily involves India and Pakistan, with the disputed region of Kashmir being a major point of contention.
Confrontation Over Taiwan
Tensions are rising over Taiwan as China’s power and assertiveness grows, competition between the U.S. and China spreads, and the Taiwanese people develop a distinct identity increasingly disassociated from the mainland. The key parties involved in this conflict are China, Taiwan, and the US.
Civil War in Myanmar
The civil war in Myanmar escalated significantly in response to the 2021 military coup d’état and the subsequent violent crackdown on anti-coup protests. The conflict involves the National Unity Government, People’s Defence Force, Chinland Defence Force, Chin National Defence Force, Karenni Nationalities Defence Force, and other ethnic armed organizations against the State Administration Council and Tatmadaw.
Europe and Eurasia
War in Ukraine
The war in Ukraine involves Ukraine and Russia. The conflict is over the sovereignty of Crimea and parts of eastern Ukraine, which Russia annexed in 2014.
Nagorno-Karabakh Conflict
The Nagorno-Karabakh conflict involves Armenia and Azerbaijan. The dispute is over the Nagorno-Karabakh region, which is internationally recognized as part of Azerbaijan but is governed by ethnic Armenians.
Middle East and North Africa
Conflict in Syria
The conflict in Syria involves the Syrian government, opposition groups, and various international actors. The civil war began in 2011 as part of the Arab Spring protests and has since escalated into a multi-sided conflict involving numerous factions and foreign powers.
Instability in Iraq
The instability in Iraq involves the Iraqi government, various ethnic and religious groups, and international actors. The conflict stems from sectarian tensions, political instability, and the presence of ISIS.
Israeli-Palestinian Conflict
The Israeli-Palestinian conflict involves Israel, Palestine, and various international actors. The conflict is over the sovereignty of the Palestinian territories and the establishment of a Palestinian state alongside Israel.
Sub-Saharan Africa
Conflict in the Central African Republic
The conflict in the Central African Republic involves the government, various rebel groups, and international actors. The conflict stems from political instability, ethnic tensions, and control over the country’s rich natural resources.
Conflict in Ethiopia
The conflict in Ethiopia involves the Ethiopian government, the Tigray People’s Liberation Front, and various ethnic and regional groups. The conflict stems from political tensions, ethnic disputes, and disagreements over the country’s system of ethnic federalism.
Please note that this is a brief summary and does not cover all aspects of the conflicts. For more detailed information, please conduct further research.
WTI/BRENT CORRECTION AHEADBrent futures rose by $4.89 (5.7%) to reach $90.89 per barrel, while U.S. West Texas Intermediate (WTI) crude increased by $4.78 (5.8%) to $87.69 per barrel, marking their most significant daily gains since April. Brent also saw a weekly rise of 7.5%, its largest since February, and WTI climbed 5.9% for the week.
Despite the Middle East conflict, global oil and gas supplies remain relatively unaffected since Israel isn't a major producer. However, market observers are monitoring the situation for potential regional supply impacts.
Residents in Gaza evacuated their homes after Israel ordered over a million people to leave the northern half of the territory within 24 hours, with Hamas advising against leaving.
Iran's Oil Minister, Javad Owji, predicted oil prices reaching $100 per barrel due to the Middle East situation.
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Analyzing Inflation: COVID-19, Energy, Conflict & LaborInflation, a critical financial and economic indicator, has been significantly impacted by various factors in recent years. This article delves into the influence of COVID-19, changes in work patterns, labor market shifts, energy sector decisions, and the Russia-Ukraine war on inflation, presenting a comprehensive analysis of our present financial landscape.
COVID-19 and Supply Chains: A Recipe for Inflation
The global pandemic, COVID-19, significantly disrupted supply chains worldwide. With a combination of limited supply and robust or surging demand, the result was inevitable - a price increase, a key driver of inflation. Rising costs of materials, labor, energy, and transportation, all amplified by the pandemic, made goods more expensive to manufacture and transport, further contributing to inflation.
The aftermath of these disruptions led to a ripple effect: a rise in supply chain costs. Consumers facing higher prices found themselves with reduced disposable income, which could, in theory, lower demand. However, the essential nature of many goods affected by these disruptions likely negated this potential offset, fueling inflation further.
In the long run, these disruptions could lead to persistent inflation. The pandemic has exposed the fragility of 'just-in-time' inventories and the impact of underinvestment in global commodity supply chains, adding to inflationary pressures. Consequently, inflation may become a more permanent fixture, disrupting business planning and forecasting and adding another layer of complexity to the economic environment.
Labor Market Shifts: From Crisis to Recovery
The pandemic has considerably affected the labor market, resulting in significant shifts and shortages across various sectors. The initial outbreak led to severe job losses, with the global unemployment rate peaking at 13%. However, as economies start to reopen, we're seeing an interesting trend: people voluntarily leave their roles, even as worker demand increases.
This labor shortage, induced by changing demographics, border controls, immigration limits, and the call for better pay and flexible work arrangements, presents another challenge in our economic landscape. Furthermore, the acceleration of digitalization and the gig economy could have enduring effects on labor supply and productivity. The crisis has potentially long-term implications, like automation's role in slowing the employment recovery in service occupations.
Remote Work: A Double-Edged Sword
The rise of remote work, while offering significant societal and economic benefits, also carries potential inflationary effects. Increased demand for houses/apartments, home office equipment, utilities, and other home-centric products and services has led to price hikes, accelerating inflation.
Moreover, while remote work has the potential to boost productivity and create new job opportunities, it also brings challenges. Difficulties in collaboration, communication hurdles, and blurred work-life boundaries could negatively impact productivity, painting a more complex picture of remote work's overall effect on productivity and inflation.
Energy Decisions: A Balancing Act
The decision to reduce investments in nuclear energy and fossil fuels can influence inflation and the overall energy market. A decline in energy production can lead to price increases due to supply-demand imbalances, contributing to inflation. Moreover, reduced domestic energy production may increase dependence on imported energy, which, if more expensive or if international energy prices rise, could also lead to inflation.
Transitioning to green energy without adequate investment and planning could lead to shortages and disruptions, driving up energy prices and contributing to inflation. While renewable energy technologies are advancing rapidly, they cannot fully replace the capacity provided by nuclear and fossil fuels in many countries. This could lead to energy shortages and price increases, particularly if the transition to green energy outpaces the technology's readiness.
The variability of renewable energy sources, such as wind and solar, presents another challenge. Without adequate energy storage and grid infrastructure investment to manage this variability, energy supply disruptions and price spikes could become more common.
Moreover, a rapid transition to green energy could displace existing energy jobs before adequate green energy jobs are created. This could lead to economic instability and potentially contribute to inflation. While the long-term costs of renewable energy can be lower than fossil fuels, the initial investment required to build renewable energy infrastructure can be high. Higher energy prices can pass these costs to consumers, contributing to inflation.
In conclusion, while the transition to green energy is crucial for addressing climate change, this transition must be well-planned and well-managed. Policymakers must strike a careful balance between the urgency of climate action and the need to maintain energy security and economic stability.
The Russia-Ukraine War: Geopolitical Inflation
The ongoing conflict between Russia and Ukraine has also played a role in driving inflation. The war has disrupted the supply of essential commodities such as oil, gas, metals, wheat, and corn, pushing their prices upwards. These nations are major suppliers of these commodities, and their reduced supplies have led to sharp price increases worldwide.
Furthermore, the conflict has exacerbated global supply chain disruptions, already strained by the COVID-19 pandemic. This has led to heightened inflationary expectations among businesses and consumers. Additionally, the war has significantly increased oil and gas prices, particularly in Europe, directly impacting inflation and household spending.
The war has also weakened global economic confidence, further fueling inflationary pressures. Countries already grappling with financial challenges, such as Lebanon and Zimbabwe, have been severely impacted by the inflationary effects of the Russia-Ukraine war. Overall, the conflict is estimated to add about 2% to global inflation in 2022 and 1% in 2023, compared to pre-war forecasts.
Conclusion
In conclusion, the dynamic interplay of the COVID-19 pandemic, remote work, labor market shifts, energy sector decisions, and the Russia-Ukraine war has significantly influenced inflation. Policymakers, economists, and businesses must navigate this complex landscape to develop effective strategies that mitigate inflationary pressures while promoting sustainable economic growth. As we move forward, we must continue to monitor these factors to understand their ongoing effects on inflation and the broader economy.
Gold Update Urgent Gold Price Forecast in Light of Finland's NATO Membership and Potential Conflict in Europe
With Finland's recent entry into NATO, there is increasing speculation about the potential for conflict in northern and eastern Europe. As tensions continue to rise between Russia and NATO, the price of gold is likely to see a significant increase.
As a safe-haven asset, gold has historically been a popular investment during times of geopolitical uncertainty and global conflict. With the threat of war looming, investors may turn to gold as a way to protect their wealth.
Furthermore, the increase in demand for gold could be further fueled by the weakening of the U.S. dollar, which typically leads to a rise in the price of gold. As investors seek to hedge against inflation and currency devaluation, the demand for gold may increase, driving up its price.
It remains to be seen how the situation in Europe will unfold, and whether the tensions will escalate into a full-blown conflict. However, if the worst-case scenario does occur, it is likely that the price of gold will continue to rise as investors look for a safe haven amidst the chaos.
In summary, the recent developments in Europe have the potential to significantly impact the price of gold. Investors should closely monitor the situation and consider adding gold to their portfolios as a hedge against geopolitical risks and inflation.
bitcoin and world war 3Good Day Everyone
It is understandable to feel cautious about investing and trading in the current geopolitical climate. There are indeed tensions between several countries, such as China and the USA, Israel and Iran, and Russia and NATO, among others. These conflicts could potentially escalate and lead to a full-scale world war.
However, it is important to keep in mind that predicting the occurrence of a world war is complex and uncertain. While there are geopolitical risks, these do not necessarily mean that trading in decentralized assets like cryptocurrencies will inevitably result in the loss of all your money.
Investments, including trading in cryptocurrencies, always involve risks. Risk management is an essential aspect of investing, and it is up to each individual to assess and manage their own risk tolerance. While the current global situation may warrant caution, it is important to remember that diversification is key to managing risk.
Bitcoin, the world's largest cryptocurrency by market capitalization, has recently been trading at around 29,000 USD. This is a significant drop from its all-time high of nearly 65,000 USD in mid-April 2021. The volatility of Bitcoin and other cryptocurrencies is well-known, with prices often fluctuating wildly in response to a wide range of factors, from news events to regulatory changes and market sentiment.
One major factor that is currently contributing to the uncertainty and volatility in the cryptocurrency market is the prospect of a potential world war. While the likelihood of such an event remains uncertain, there are certainly many geopolitical tensions and conflicts around the world that could potentially escalate into something more serious. In such a scenario, investors may be looking to reduce their exposure to high-risk assets like cryptocurrencies and move their money into safer, more stable investments.
It is worth noting, however, that the decision to pull out of cryptocurrencies and other high-risk assets should not be taken lightly. While these investments can be volatile and risky, they can also offer potentially high returns for those who are willing to take on the risk. Moreover, there are many factors that can affect the price of cryptocurrencies, including government regulations, technological advancements, and changes in investor sentiment.
Therefore, it is important for investors to carefully consider their options and assess the risks and rewards of different investment strategies. It may be wise to consult with a financial advisor or investment professional before making any major investment decisions.
In the meantime, it is important to stay informed about the latest developments in the world and to monitor the situation closely. While there is no way to predict the future with certainty, having a solid understanding of the risks and opportunities in the market can help investors make informed decisions and navigate the ups and downs of the crypto market.
Long Gold - Inflation and inverted yield curve.In the current environment, gold has started to regain strength, supported by a long-term bullish trend structure.
We find ourselves with results of high inflation, and with an economic conflict that significantly affects the price of metals.
Gold may hit highs and function as a safe haven from persistent inflation and the fallout from the Russia-NATO conflict.
5 Defense stocks you might want to look at in WW3Here are 5 stocks that could profit from the Russia Ukraine Conflict!
Intro:
The Russian-Ukrainian conflict, which began on November 21, 2013, following the Ukrainian government's decision not to sign the association agreement between Ukraine and the European Union, is a diplomatic and military
conflict between Russia and Ukraine.17 The conflict was sparked by a series of large-scale demonstrations that led to the flight and subsequent removal of Ukrainian President Viktor Yanukovych, who was replaced by Oleksandr
Turchynia.
Large-scale demonstrations then broke out and led on February 22, 2014 to the flight and subsequent removal of Ukrainian President Viktor Yanukovych, who was replaced by Oleksandr Turchynov. A new government, led by Arseni
Yatsenyuk, is put in place.
In response, Crimea declared its independence and voted to join Russia, a move that was recognized by Russia, causing an international diplomatic crisis. Several other Ukrainian provinces with large Russian-speaking populations,
notably Donbass, experienced similar uprisings and in turn organized referendums on self-determination in order to separate themselves from the Ukrainian government in place. The later events led to the war in Donbass, with
Russia, the border country, being accused of providing military support to the insurgents by waging a hybrid war there.18,19
On July 17, 2014, a Malaysia Airlines flight carrying 298 passengers from Amsterdam to Kuala Lumpur was shot down in mid-air near the Russian border while flying over the Donbass. There were no survivors. The destruction of this
civilian plane amplifies the diplomatic crisis, the Ukrainian army and the pro-Russian separatists accusing each other.
On February 21, 2022, as part of the Russian-Ukrainian war of 2021-2022, in a televised address, Russian President Vladimir Putin announced Russian recognition of the independence of the self-proclaimed Donetsk and Lugansk
People's Republics and Russian armed forces invaded eastern Ukraine controlled by pro-Russian separatists.20,21 On February 23, Russian President Vladimir Putin announced that he was going to invade the eastern part of Ukraine
and that he was going to take over from the pro-Russian separatists.
On February 23, President Vladimir Putin announced the launch of a military operation in Ukraine. During the night of 23 to 24 February, the Ukrainian territory was bombed and Russian troops invaded the Ukrainian territory.
Stocks that could grow during WW3:
Lockheed Martin NYSE:LMT
Lockheed Martin is the world's leading U.S. defense and security company. Like its main competitors, it designs and produces a variety of products in which electronics and technology play a key role. In 2008, 84% of the company's sales were to the U.S. government, with the remainder primarily to other states.5 In 2010, of the 45.8% of the company's sales that were to the U.S. government, 84% were to other countries. In 2010, $17.3 billion of the company's $45.8 billion in sales came from contracts signed with the U.S. government ($10.9 billion in defense, $6.6 billion in civilian). The company products a large amount of combat planes and other defense engines, its role in ww3 would be very important and we could see the company benefit from diverse defense contracts in the future.
Boeing NYSE:BA
Boeing (official name: The Boeing Company) is an American aircraft and aerospace manufacturer. Its headquarters are located in Chicago, Illinois and its largest plant in Everett, near Seattle, Washington. This aircraft manufacturer specializes in the design of civil and private aircraft, but also in military aeronautics, helicopters and satellites and launchers with its Boeing Defense, Space & Security division. In 2012, it ranked second in military equipment sales worldwide5,6. The company is engaged in a commercial war in aeronautics with its main competitor, the European group Airbus Commercial Aircraft.
Boeing could be a discounted opportunity. The company is now playing a significant role in responding to Russian aggression via its RC-135 reconnaissance plane. While the monitoring of forces to provide real-world analytics is the primary goal, these flyovers serve a secondary purpose: Let the Russian military forces know that the eyes of the world are on them. It may not be the ultimate deterrent, but anything to help the situation from devolving into bloodshed is a positive.
L3-Harris Tech NYSE:LHX
When dealing with defense stocks amid tensions that could spill over into armed conflict, the natural instinct is to consider weapons systems and defensive platforms. Certainly, L3Harris Technologies features a broad range of air, land and sea-based solutions — even solutions that extend into space and the digital realm. However, communications is also a key component of warfare. Without the ability to coordinate offensive or defensive actions, a nation’s military force will not be utilizing its resources in the most effective and efficient manner possible. Considering that Ukraine will be grossly outnumbered in a hot conflict with Russia, efficiency is absolutely critical. Of course, the Russians are not unaware of this serious potential vulnerability. Inevitably, one of their actions in case of an invasion will be to cut off supply routes and disrupt communication lines. Therefore, the Ukrainian government’s relatively recent cooperation agreement with Harris Global Communications, a subsidiary of L3Harris, is significant. Irrespective of whether or not an armed conflict occurs in the coming days, the relationship between L3Harris and Ukrainian forces should grow closer.
Northrop Grumann NYSE:NOC
The U.S. government has already shipped weapons systems to Ukraine and authorized its European partners to send their own shipments. Now, Ukrainian forces have even more resources with which to defend themselves. Given this dynamic, tensions may rise higher. That’s where Northrop Grumman could come into play with its MQ-4C Triton drone. Specializing in real-time intelligence, surveillance and reconnaissance, the Triton can provide valuable information while keeping servicemembers away from harm.
United Tech - Raytheon Technologies NYSE:RTX
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. Gregory J. Hayes was the CEO and chairman. It merged with the Raytheon Company in April 2020 to form Raytheon Technologies. Raytheon has partnered with Lockheed on the Javelin Weapon System, the missile of the hour.
Marketed as an “anti-tank guided munition that can be carried and launched by a single person,” the Javelin offers serious implications for how the Ukrainians can defend themselves against a much larger enemy.
Credits to - xtekky -