China is to start buying oil for state reserves after a sharp drop in prices. Same cases as I mentioned earlier in WTI OIL.
The report says that China is moving forward with plans to buy up oil for its emergency reserves after the epic crash in oil prices over the past few weeks. Beijing has asked departments to quickly begin filling tanks and options to lock in the current low prices in the market. Also noting that Beijing may use commercial space for storage as well - in addition to...
This is an easy game to know how the global pandemic isn't settled yet and knowing how all big central banks honchos cooperated together to fight against this pandemic by deciding to lower OCR rates equally to combat against the corona virus. State & Europe are new continents who are for now struggling and combating strongly against this pandemic. I hope...
The Saudi price war was a flashpoint for today's action but it's really all about coronavirus. The news on the weekend worsened with too many cases and outbreaks to count. The conditions for a panic were evident the moment markets opened plunged heavily lower. Japanese market participants invest abroad massively but when uncertainty hits, they bring their money...
Looks like Bitcoin may be starting to get a bit jealous of Gold's latest moves. 'With global supply-chain collapse imminent...Bitcoin is about to show his big bro (gold) what he's made of.' Time will tell. Looking primed to zoom past 10,5 resistance this time.
VET/USD just completed the 4th sub-wave of the higher degree 3rd. I'm expecting one more leg up to complete the 3rd. f you've found this useful, feel free to donate. thanks. BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
if you've found this useful, feel free to donate. thanks. BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Hi guys, Today I have another update on another coin. It's VeChain (AGAIN!). You are looking at the daily chart, which tells us the following: - Parabolic drop from 40k sats to current level (22.1k at time of writing); - Still hugely oversold. RSI of 13.9 on Daily, which is all time low for VeChain; - Weak support soon, due to price action in January and .786...