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October 25, 2024

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Two tickets for passage on what could be the first Chinese rocket ship to take tourists to space were sold Thursday, according to a livestream held by the company, as the country’s commercial space firms aim to join a small but expanding global space tourism industry.

The tickets – priced at 1,000,000 yuan (around $140,000) for a roughly 12-minute trip to the edge of space on a spacecraft set to be launched by Deep Blue Aerospace in 2027 – sold out “immediately,” according to state-linked Global Times.

Some 3 million people tuned in to the broadcast on Chinese shopping platform Taobao, which was the first time a Chinese firm has put tickets for space tourism up for public sale.

The identities of the ticket buyers were not made available.

Deep Blue Aerospace is among a vanguard of Chinese commercial space firms developing rockets to power Beijing’s ambitious plans for outer space, which include building out satellite constellations to rival American firm SpaceX’s Starlink – as China vies to become a dominant space power alongside the United States.

Work remains to be done for the company to meet its announced timeline.

Deep Blue Aerospace’s reusable Nebula-1 rocket – slated to carry the company’s CEO and five others to space for the mission in three years – is still under development.

Last month, the rocket failed to complete a high-altitude vertical recovery test flight, the company said, with footage it released showing the vehicle crashing in its final phase. A new test is slated for next month, while the company has said it will ramp up testing in 2025 and 2026 to ensure the “safety and reliability of suborbital manned travel.”

Companies working in rocket development across the world have frequently faced setbacks and delayed timelines. But on Thursday, Deep Blue Aerospace’s CEO and founder Huo Liang appeared confident that the rocket would be ready to power the 2027 flight, as he discussed the plans during the ticket sale livestream.

Huo explained how passengers can unbuckle their seat belts in space and “move around like fish” in the weightless environment, where they feel “exactly the same lying down as standing up.”

“In this experience, you can not only see how the earth is round, but also the vast universe and the blue planet where humans live,” said Huo, who founded the private company in 2016.

Deep Blue Aerospace aims to join a small group of companies globally offering what’s considered the next frontier of adventure tourism – typically expensive trips where passengers willing to spend hundreds of thousands of dollars can cross the Kármán line some 100 kilometers (62 miles) above Earth’s surface to enter space.

Amazon founder Jeff Bezos’ Blue Origin completed its first commercial human space flight with four private citizens in 2021, while Virgin Galactic, the space tourism venture founded by British billionaire Richard Branson, began offering regular trips to the edge of space last year.

Companies are also looking to expand their offerings to “space tourists.”

Last month, a four-person crew of civilians on board SpaceX’s Polaris Dawn mission made history as the first group of non-government astronauts to conduct a spacewalk.

Deep Blue Aerospace is not the only Chinese firm with a plan to send humans to space. This May, CAS Space said its “space tourism vehicle” will take its first crewed flight in 2028, with tickets priced expected to cost between 2 to 3 million yuan (around $281,000 to $421,000), according to state media.

The company is among a number of Chinese state-backed and private firms that are vying to develop reusable rocket technology, which could help make frequent missions to space more affordable and sustainable.

Access to reusable rockets could be a key development for China as it seeks to expand its launch capacity to build out satellite constellations and power its ambitious civil space program – as well as build out a space tourism industry.

Commentators on the livestream appeared to express some tongue-in-cheek skepticism about sending people to space, with some asking, “(If we go), can we get back?”

And those interested in the remaining seats will get another chance, the company’s page on Taobao said, noting that ticket sales will reopen on November 23.

This post appeared first on cnn.com

Bitcoin and Ethereum: continued bearish pressure on Friday

  • On Thursday, October 24, the price of Bitcoin climbed to a new three-day high at the $68,800 level
  • Yesterday, October 24, the price of Ethereum had a new attempt to recover but again encountered the same resistance at the $2650 level

Bitcoin chart analysis

On Thursday, October 24, the price of Bitcoin climbed to a new three-day high at the $68,800 level. We failed to reach the weekly open level, and a pullback below $68,000 was initiated. With that step, the price dropped below the daily open level, thereby intensifying the pressure. Today’s low was formed at the $67200 level. This is where Bitcoin could find support from the EMA 200 moving average.

The price needs to stabilize again before turning to the bullish side. Potential higher targets are the $68,000 and $68,500 levels. For a bearish option, the Bitcoin price must break the 200 moving average EMA support. After that, we continue on the bearish side, making a new low. Potential lower targets are the $67,000 and $66,500 levels.

 

Ethereum chart analysis

Yesterday, October 24, the price of Ethereum had a new attempt to recover but again encountered the same resistance at the $2650 level. We started the retreat from there again last night, which continued on Tuesday, October 25. Ethereum formed a daily low at the $2461 level and came significantly closer to the weekly low of $2450. Now, we are monitoring how the price will behave in this zone because we could easily see a continuation to the bearish side and the formation of a new weekly low.

Potential lower targets are $2425 and $2400 levels. For a bullish option, we expect Ethereum to stabilize first and stop the current bearish momentum. After that, we expect the start of a bullish consolidation and a return above the $2500 level. Such a move would be a good indication of a return to the bullish side. Potential higher targets are $2525 and $2550 levels.

 

The post Bitcoin and Ethereum: continued bearish pressure on Friday appeared first on FinanceBrokerage.

Oil and Natural Gas: Friday Targets and Prices

  • The oil price reached a new weekly high of $72.34 on Thursday, October 24
  • The price of natural gas managed to regain the $3.00 level on Thursday, October 24

Oil chart analysis

The oil price reached a new weekly high of $72.34 on Thursday, October 24. Shortly after the formation of this high, the price began to retreat, and by the end of the day, we were again below the $70.00 level. During this morning’s Asian session, oil is moving in the $70.20-$70.60 range. In the EU session, we see increasing price pressure and new testing of the $70.00 level.

Bearish momentum is building and we expect to see a break of yesterday’s low of $69.80 and the formation of a new one below. Potential lower targets are $69.50 and $69.00 levels. For a bullish option, we need a new bullish consolidation above the $70.60 level. With that step, we strengthen the bullish momentum and expect a continuation until the next resistance in the $71.00 zone. Here, we are waiting for the EMA 200 moving average, which could be an obstacle for oil to continue on the bullish side. If we break above, potential higher targets are $71.50 and $72.00 levels.

 

Natural gas chart analysis

The price of natural gas managed to regain the $3.00 level on Thursday, October 24. The previous time at that level, the price was on October 7. During this morning’s Asian session, the price moved in the zone around $3.00, and now we will see new pressure in the EU session. We are fighting to stay above the daily open level of $2.97. If the current bearish trend continues, we will see a break below and the formation of a new daily low.

After that, natural gas will be under greater pressure to continue withdrawal. Potential lower targets are $2.95 and $2.90 levels. For a bullish option, it is necessary for the price to maintain above the daily open level and start a bullish consolidation. After that, we have an opportunity to test the previous high. If the momentum holds, we will see the formation of a new weekly high. Potential higher targets are $3.05 and $3.10 levels.

 

The post Oil and Natural Gas: Friday Targets and Prices appeared first on FinanceBrokerage.

Gold and silver: Metal prices fall to new weekly lows

  • During this morning’s Asian trading session, the price of gold was in a bearish consolidation with the $2736 level
  • The price of silver is in a bearish trend for the third day, with the formation of a weekly low at the $33.10 level

Gold chart analysis

During this morning’s Asian trading session, the price of gold was in a bearish consolidation with the $2736 level. In the EU session, pressure on the price continues and we see the formation of a daily low at the $2719 level. With this step, we fell below the weekly open level, which could be a problem for a potential continuation to the bullish side. Now, gold is under pressure to continue its retreat and look for new support.

Potential lower targets are $2710 and $2700 levels. The EMA 200 moving average in the $2710 zone could slow or stop the gold price decline. For a bullish option, the price must first return above $2720 and the weekly open level. After we stabilize there again, we have an opportunity to initiate a bullish consolidation. Potential higher targets are the $2730 and $2740 levels.

 

Silver chart analysis

The price of silver is in a bearish trend for the third day, with the formation of a weekly low at the $33.10 level. During this morning’s Asian trading session, the price intensified bearish consolidation, leading to a break below $33.50. We are getting closer to breaking below the $33.00 level. The price has broken below the EMA 200 moving average, which will only strengthen the bearish momentum to continue to the next lower support.

Potential lower targets are $32.80 and $32.60 levels. For a bullish option, silver must move back above $33.20 and the EMA 200 moving average. Then, we need to stabilize there before we start the recovery. After that, the next resistance is in the $33.60-$33.70 zone. We will test the weekly open level there, and we hope to break above and return to the bullish side. Potential higher targets are $33.80 and $34.00 levels.

 

The post Gold and silver: Metal prices fall to new weekly lows appeared first on FinanceBrokerage.

EURUSD and GBPUSD: The second part of the week brings recovery

  • On Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low
  • On Wednesday evening, 23 October, GBPUSD fell to a weekly low of 1.29074

EURUSD chart analysis

On Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low. The previous time the pair was at that level was in early July. After getting new support, EURUSD started a bullish consolidation, and on Thursday, we returned above the 1.08000 level. During this morning’s Asian session, the pair came under pressure again, returning from 1.08280 to 1.08140. After that, the euro gains strength in the EU session and jumps to 1.08375 levels.

The return to the bullish side still looks very weak, as we are back below the daily open level. We need a stronger impulse to 1.08400 to have room for consolidation above the daily open price. Potential higher targets are 1.08500 and 1.08600 levels. For a bearish option, EURUSD would first have to break the previous support level of 1.08140. With that step, we form a new daily low, and the pressure on the pair to continue with the retreat increases. Potential lower targets are 1.08100 and 1.08000 levels.

 

GBPUSD chart analysis

On Wednesday evening, 23 October, GBPUSD fell to a weekly low of 1.29074. The next day, on Thursday, after a short consolidation, the pair started a bullish recovery to 1.29880 levels. During this morning’s Asian session, the pound made a slight bearish move to the 1.29600 support level. We have additional support in the EMA 50 moving average at this level. Now we see a new bullish consolidation from there and expect a break of yesterday’s high.

Potential higher targets are 1.30000 and 1.30200 levels. At 1.30000, we will have additional resistance in the EMA 200 moving average. For a bearish option, GBPUSD needs to pull back to the 1.29600 support level. This time, we are looking for a break below and the formation of a new daily low. This confirms the strengthening of the bearish momentum, and the pair will have to continue its retreat. Potential lower targets are 1.29400 and 1.29200 levels.

 

The post EURUSD and GBPUSD: The second part of the week is recovery appeared first on FinanceBrokerage.

S&P 500 and Nasdaq: Prices and Targets for Friday

  • Wednesday, October 23rd, was very inactive for the S&P 500 as we saw a drop to 5761.8
  • The Nasdaq was under a lot of pressure on Wednesday, October 23, and we saw a drop to 19936.3

S&P 500 chart analysis

Wednesday, October 23rd, was very inactive for the S&P 500 as we saw a drop to 5761.8. The previous support at the 5840.0 level did not hold, and a pullback followed. After the new low, the index managed to start a bullish consolidation up to the 5820.0 level. There, we encountered the EMA 200 moving average, which did not allow us to continue on the bullish side, but a new pullback was initiated.

This time, we get support at the 2785.0 level. During this morning’s Asian session, the S&P 500 managed to stabilize and jump over the EMA 200 moving average. It would be nice to stay up there until the end of this week’s session to put us in a good position for next week. Potential higher targets are 5840.0 and 5850.0 levels. For a bearish option, we need a negative consolidation of the S&P 500 below the 5810.0 daily open level. With that step, we strengthen the bearish momentum, and it remains for the index to continue its retreat. Potential lower targets are 5800.0 and 5790.0 levels.

 

Nasdaq chart analysis

The Nasdaq was under a lot of pressure on Wednesday, October 23, and we saw a drop to 19936.3. After the formation of a new low, the index begins to recover and returns above the 20000.0 level. During this morning’s Asian session we get new support at 20250.0. In that zone, the EMA 200 creates additional support, and the Nasdaq continues up to the 20300.0 level. We are a little short of reaching the weekly open level and moving to the positive side.

Potential higher targets are 20400.0 and 20450.0 levels. For a bearish option, it is necessary for the Nasdaq to pull back below the daily open level. This moves us below the EMA 200 moving average. After that, we expect the rise of bearish momentum and the formation of a new daily low. Potential lower targets are 20200.0 and 20150.0 levels.

 

The post S&P 500 and Nasdaq: Prices and Targets for Friday appeared first on FinanceBrokerage.