Hello and welcome to the CMC markets chart of the week video with myself Dev Madden market analyst here at CMC markets Today's date is Wednesday the 7th of February and the time is just coming up to 12 p.m. Midday UK time And the chart of the week this week is going to be Rio Tinto the mining company Taking a look here at the chart on a weekly basis to begin with we can see that Rio Tinto along with other mining companies Suffered heavily during the commodity route of 2015 and into early 2016 But since creating the low here in early 2016 The stock has been in a classic upper trend where we saw a series of higher highs and higher lows In fact only last month the stock trade at a level not seen since 2011 so give the indication of how bullish the comeback has been on the for the company Rio Tinto I'll just flip over now to a daily chart So you just get a better view of how how much the stock rallied between the early Jack between early December and the middle of January when they hit that level they're not seen since 2011 so the solid upper push here Which began in early December which ran through up to the middle of January as the market was pushing higher here We saw a steady increase on the MACD indicator the MACD Instagram positive momentum So the momentum was clearly with the buyers then we can see that the stock continues to push to a new multi-year high In the meantime, we do see a bit of a decline in positive momentum So the diversions between the two the stock is hitting fresh multi-year highs But the versions isn't hitting higher high while the MACD indicator is not hitting higher highs In fact, it's actually declining the diversions between the two was an early warning sign that the the bulls and the buyers We're running on a bit of steam So we did see a bit of a pullback in the share price Beginning in the middle of January that was matched by a decline in positive momentum and then even a swing into negative momentum But negative momentum over the last two sessions, even though we have seen some severe sell-off recently Negative momentum has sort of been kind of floored at this level here Now in the meantime the share price even though Caught up in the major sell-off of global equity markets in the last few days Even though it did trade below the fifth-day moving average is now back above the fifth-day moving average. So It's possible that since Rio Tinto has been in a strong upper trend for the last couple of years It's possible that the the bounce the the move lower we saw yesterday and the bounce back today Could be the beginning of the next upward leg in the in the move of Rio Tinto So if the stock holds above the fifth-day moving average, which comes into play in this line here At 38 38 18 if we did manage to hold above that level We could look to actually push higher from here and potential levels of resistance to the upside could be 40 40 Which was the late January high and if you take our 40 40 the next big level to keep an eye on for will be the 2018 high of a 41 87 And if you go beyond 41 87 the next big level to watch out for will be 4407 a level not seen Since 2011 but if you do manage to fall back below the fifth-day moving average at 38 18 We could and should we fall below that we could be looking at moving south again A continuation of the downward trend that we've in the short term downward trend that we've seen Since the middle of January if you do manage to fall below the 50 moving average The first level to keep an eye off for will of course build the will be the February low of 37 43 And if you move south of that the next step to keep an eye off for will be 37 or 7 the one hundred a moving average because notice how What a moving average in a few occasions in both November and also December Actors both some support and resistance on a number of occasions If you do manage to fall below Uh 37 or 7 the one hundred a moving average the stock may drift out towards the charity moving average Which comes into play at 35 16 Notice how the stock even on the lows of December didn't quite get as low as the 200 a moving average So from a charity point of view It's been a solid upward trend for the last couple of years and the pullback you've seen in the last few sessions And and the subsequent and the subsequent bounce back today Could be the beginning of the potential next leg up on Rio Tinto from a desk That's looking at the stock from a charity point of view. It's also worth noting that Rio Tinto had Full your figures out today. We saw a rise in profits and declined the net debt And increased the share by buyback scheme and the company even declared a record dividend For the year. So from a fundamental point of view, the stock is looking quite positive as well That's all for me this week. Thank you very much


Thank you all for being here. We are here at Kings County Hospital in Brooklyn at the side of an NYPD officer shot in the line of duty this morning. The duty we asked him and all NYPD officers to do every single day. He answered a call for help. He is a seven year veteran officer. He is a husband and a father and thankfully he will recover. We want to thank the physicians and staff of Kings County Hospital and our own Dr. Kleinman for the great care provided to our members. Our wounded officer decided to dedicate his life to helping others just as all of your NYPD officers do. This is the tenth officer shot this year in nine separate incidents. The shootings of your NYPD officers go back to New Year's Day this year and here we are again as this year comes to a close. The strength and resilience of the NYPD will never waver. Our members have sworn to help to face danger to assist the victims of crime and apprehend dangerous criminals across this city every day. And as we have seen it is at great risk to themselves. I am deeply grateful for their courage and commitment. They deserve our respect and we need your support. I would like to turn it over to the mayor of the city of New York Eric Adams. Thank you so much commissioner and just a few days ago you announced the apprehension you announced the identification of a suspect that was wanted for a shooting that took place in the beginning of this administration. It just really personifies the persistency and consistency that this agency would carry out to find those who are responsible for creating violence in our city. Speaking with officer Adorno his wife and his brother as I visited him a short time ago it was clear that he is resilient about dealing with the violence in our city. And I cannot thank the responding officers not only officer Adorno who received a bullet wound to his foot but the other officers involved. Their level of discipline of responding to the initial job their level of coordination and their ability to apprehend the suspect that was involved carrying a loaded weapon. Officer Adorno was also joined by his partner who this was her actual first day inside an R&P carrying out her job and that is the level of uncertainty every day that our officers face. You don't know what is going to happen during your tort duty and we want to thank her as well. And let's be clear because of officer Adorno and his partners actions we have a dangerous person off our street we have an illegal gun off our street. The removal of close to 7000 illegal guns over 4400 people arrested for carrying those guns is a real signal of how our police department is continuing to respond. And not allow anything to get in the way of their primary responsibility and that's keeping our city safe. And I want to thank all of our police officers during this time of the year as we conclude one year of watching the decrease in shooters the decrease in homicides. The number of arrests that the chief of detectives and his team has had the ability to close many of these cases and apprehend. It just shows how much of this coordinated effort of the New York City Police Department and other law enforcement agencies involved have been clear on the mission of removing guns, removing dangerous people that are carrying guns. Now is an obligation for every part of the criminal justice system to play that same level of aggressive role so that we can ensure dangerous people don't remain on our streets. Officer Adorno is going home today with his family. The other officers involved are going home with their families. And the only reason that other New Yorkers are going to feel that safety is because we have those types of officers that are out here. They send themselves on the front line to deal with violence in our city. And we will continue to be optimistic on the leadership of this commissioner and her team that we're going to go after those dangerous individuals in the city that believe they can carry out their illegal actions without reprisal. Not while we have a department like the NYPD. So again, I want to thank all the officers involved in particular, but I also want to thank the leadership team of the New York City Police Department for the continuing action of going after dangerous people in our city. Thank you. I'd like to turn it over to Chief of Detectives James Essex to give details of the investigation. Thank you commissioner. Good morning. At approximately 8.36 am, members of the 7-9 precinct responded to a 9-1-1 call for a domestic dispute at 277 Gates Avenue, Apartment 3D. The female caller stated that her male friend was damaging the wall and was refusing to leave. At approximately 8.50 am, two sectors in the 7-9 precinct arrived at the scene, which consisted of four police officers.  After an investigation, it was determined that the male was going to be placed under arrest for the criminal mischief of the wall. As the officers attempted to place the male in custody, a struggle ensued, a shot was fired striking our officer in the right foot. The perpetrator fled eastbound on Gates Avenue for one block, southbound on Bedford Avenue for one block, and then again eastbound on Monroe with the gun in hand. Four members of the 7-9 precinct were in close pursuit. Two were in an auto, two were on foot. In front of 184 Monroe Street, the perpetrator was confronted by two officers. Shots were exchanged, and our perpetrator was struck two times in the left thigh. A total of six shots were fired by the uniform members of the service, five times by one officer, one time by another. A total of three shots were fired by a perpetrator and three shell casings, nine millimeters, were recovered. One shell casing was recovered in front of 277 Gates Avenue, where our officer was shot in the foot. And two shell casings were recovered in front of 184 Monroe Street with the exchange of gunfire. A nine millimeter handgun was recovered from his person, shown here. We are awaiting trace results for that gun right now, but at this time it is not reported stolen. Our member of the service was taken to King's County Hospital for a gunshot wound to his right foot. Our perpetrator was taken to Brookdale Hospital and treated for gunshot wounds to his left thigh. He is Raheem Joy, a male 41 years old of 601 Sackett Street in Brooklyn. He has 17 prior arrests in Georgia, the state of Georgia, dating between 1998 and 2014. Most are for low level drugs and a DWI. But two noteworthy arrests were from 2005 for discharging a firearm and 2007 for criminal possession of a weapon. He also has an outstanding warrant for a weapons possession for Troy, New York. With that, I'll turn it over to the PBA President, Patrick Lynch. Thank you, Chief. As folks in our neighborhoods are planning for the holiday, going Hanukkah and Christmas shopping, doing those last minute things, going to work to try to make money to have a peaceful festive holiday. Remember that there's police officers that are still responding to chaos and violence on the streets. While we're pleased here today that this injury is not life threatening, the chaos they walked into, the shots being fired at them, could have landed any place in these police officers body and it could have been more serious, like we've had during holidays in the past. We cannot allow violence towards police officer become normalized. Now we expect and the citizen should demand that the rest of the criminal justice system do their job like the New York City Police Department has done ours. She describes it as her male friend. So they were friends. The 911 call states that he was breaking her walls, damaged her two walls. When the officers got to the scene, they met them in front of two officers, went upstairs, and they observed the wall being damaged so that he was going to be placed under arrest for criminal mischief. No, he was never in handcuffs. When the officers came downstairs after seeing the damage to the wall, they came down and they were attempting to place him under arrest. He struggled, a shot was fired, striking our officer in the foot, and then our perpetrator took off. There was a brief conversation between the officers, but the damage, we observed the damage. He committed the damage. We had a complainant who was the female. He was going to be placed under arrest for that. No, she stood downstairs and the two officers went upstairs to the apartment. The officer was shot on the scene by a suspect's gun, the nine millimeter gun that was recovered later on at 184 Monroe. So our suspect or our perpetrator fired three shots. One at the original scene at 277 would shock our officer and two times again at 184 when he was confronted. Yes, we have examined the body camera footage. We examined a lot of the video we still have up and it confirms just what I've been saying. Excuse me, I repeat the perpetrator's name if you need. Raheem, R-A-H-E-E-N, Joy, J-O-Y-E.  At this time we'll release a name later on. We're still talking to Hardis about two hours old. We get the dispute that she calls 9-1-1 and says he's breaking walls. He's refusing to leave the apartment. We haven't gotten that far along to see what actually it was. As far as the footage, we get there at 850 approximately. We go upstairs, come down approximately 10 minutes later. At 9-0-4 is the actual shots fired put over. When they went to cuff him, a shot rings out. They're grabbing him by the arms, trying to place his gun. He has his hand in his pocket, a shot flies out. As he's running down the street as we're pursuing him, he has the gun in his right hand. The officers confront them and shots are exchanged. Thank you. Thank you everyone. Thank you.