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On June 9, the U.S. Central Command announced on social media that the U.S. military fired on an empty oil tanker attempting to sail to an Iranian port in the Gulf of Oman, rendering it incapable of navigation. The statement said the Palau-flagged tanker "violated the U.S. blockade order" and was sailing through international waters of the Gulf of Oman towards Iran, with its crew refusing to comply with U.S. instructions. An F/A-18 Super Hornet fighter jet from the USS Abraham Lincoln aircraft carrier fired a precision-guided weapon at the tanker, rendering it incapable of navigation. The U.S. Central Command stated that since imposing a blockade on maritime traffic to Iranian ports on April 13, the U.S. military has rendered seven merchant ships incapable of navigation and forced 134 vessels to change course.According to Saudi Arabias Al Arabiya TV, the US State Department stated that the naval blockade against Iran will remain in place until an agreement is reached. Frozen Iranian assets will not be unfrozen or released until Iran fulfills its commitments.U.S. Democratic senators sent a letter to the Inspector General requesting an investigation into Transportation Secretary Duffys road trip, which was paid for by corporate donors.June 9th - As of 2:30 PM closing, the Shanghai Gold futures main contract rose 0.06% to 952 yuan/gram, the Shanghai Silver futures main contract fell 0.65% to 16,506 yuan/kilogram, and the SC crude oil futures main contract fell 1.12% to 590 yuan/barrel.Futures News, June 9th: As of 2:30 PM closing, the Shanghai Gold futures main contract rose 0.06%, the Shanghai Silver futures main contract fell 0.65%, and the SC crude oil futures main contract fell 1.12%.

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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