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Both WTI and Brent crude oil prices rebounded slightly in the short term, currently trading at $78.48/barrel and $82.16/barrel respectively.On July 29, Yemens Houthi rebels claimed on Tuesday that they had fired a ballistic missile at the Saudi oil tanker "NCC Ghazal," accusing the vessel of violating their naval blockade of Saudi Arabia in the Red Sea and ignoring warnings. Houthi military spokesman Yahya Sarreya stated that the vessel had been forced to return to port.July 29th - According to Irans Tasnim News Agency, Irans Deputy Foreign Minister stated that he has proposed negotiations with Oman on a temporary shipping route through the Strait of Hormuz. If an agreement is reached, this route would replace the current north-south shipping lanes. The Iranian Deputy Foreign Minister stated that Oman has proposed a shipping lane with 50% controlled by Iran and 50% by Oman. Iran has stated that this does not address its concerns. It has stated that the inlet shipping lane should be entirely controlled by Iran, and a portion of the outlet shipping lane should also be controlled by Iran. If they accept this arrangement, we will move to the next stage. We will never recognize the southern shipping lane of the Strait of Hormuz, not even for an hour. If Oman does not accept Irans proposal regarding the Strait of Hormuz, the strait will remain closed, and we are prepared to resume war. Under no circumstances will we recognize the southern shipping lane of the strait. Our proposal is that one channel of the strait must be entirely controlled by Iran, and a portion of the other channel should also be controlled by Iran. This proposal is clear, and Iran will not accept any other proposal.According to Russian media, a visit to Russia by US Middle East envoys Witkov and Kushner is possible in the coming weeks, but nothing is certain yet.The Federal Reserve accepted a total of $1.126 billion from three counterparties in its fixed-rate reverse repurchase operations.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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