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Futures News, December 25th: Oil prices stopped rising and corrected, and the news in the fuel oil market turned negative. On the supply and demand side, demand release was slow and refineries lacked the impetus to support prices. Downstream traders bought on dips and operated cautiously, with demand being the main driver. Lacking substantial positive factors to boost prices, fuel oil trading is expected to be stagnant in some areas today, with some areas still likely to see a slight decline.On December 25th, it was reported that James Dyson, Britains richest man and founder of Dyson, recently made significant adjustments to his familys wealth management structure. According to analysis of company registration documents, Weybourne, the Dyson familys investment company, transferred at least £624 million from its main UK entity to its Singapore holding company this year, reducing the share capital of its UK entity to just £1. Simultaneously, Weybourne has posted several job openings in Singapore in recent weeks, aiming to build a "new team" to support the management of its multi-asset portfolio; at the same time, the companys influence in the United States is also shrinking.December 25 (KCNA) – North Korean leader Kim Jong Un received a congratulatory telegram from Russian President Vladimir Putin on December 18, according to a report by the Korean Central News Agency (KCNA). The report stated that Putins telegram noted the special significance of the past year for relations between Moscow and Pyongyang. He cited the participation of the Korean Peoples Army in the Kursk campaign and the subsequent deployment of North Korean engineering units to Russia, highlighting the unbreakable fighting friendship between Russia and North Korea. Putin also stated that, through joint efforts, every clause of the historic comprehensive strategic partnership treaty has been systematically implemented, contributing to a significant expansion of bilateral cooperation in political, economic, cultural, and other fields. Putin emphasized that Russia and North Korea will continue to strengthen their friendly alliance and engage in constructive cooperation in regional and international affairs.Foreign investors reduced their purchases of Japanese government bonds by 46.2 billion yen in the week ending December 19, compared to 1.4075 trillion yen in the previous week.Japans purchases of foreign stocks in the week ending December 19 amounted to -204.5 billion yen, compared to -79.2 billion yen in the previous week.

Price Action in DOGE and SHIB Determined by Twitter and Elon Musk News

Daniel Rogers

Nov 07, 2022 17:53

 截屏2022-11-07 下午5.45.11.png

 

Sunday was a bearish session, with dogecoin (DOGE) falling for the fourth time in five sessions. The news that Twitter halted its crypto integration plans continued to weigh on the market, with bearish sentiment in the broader market contributing to the decline. However, technical indications remained optimistic, requiring a rebound to $0.15 for DOGE investors to retarget $0.20.

 

On Sunday, dogecoin (DOGE) lost 7.79% of its value. Following a loss of 1.33% on Saturday, DOGE closed the week at $0.1148, down 2.54%. Notably, DOGE avoided falling below $0.10 for the ninth session in a row.

 

After a range-bound morning, DOGE surged to a high of $0.1277 by early afternoon. DOGE fell to a final-hour low of $0.1119, failing to surpass the First Major Resistance Level (R1) at $0.1335. At $0.1177, DOGE fell through the First Major Support Level (S1). DOGE found support at the Second Major Support Level (S2) at $0.1110 and closed at $0.1148.

 

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On Sunday, the value of Shiba inu currency (SHIB) decreased by 4.98 percent. Following a loss of 0.40% on Saturday, SHIB closed the week at $0.00001184, down 0.67 percent.

 

SHIB surged to a high of $0.00001290 in the early afternoon hours, mirroring the price of DOGE. SHIB failed to surpass the First Major Resistance Level (R1) at $0.00001305 and fell to an intraday low of $0.00001175. SHIB dropped below the First Major Support Level (S1) at $0.00001201 and closed the session at $0.00001184.

 

The crypto news wires were again silent on that day. The absence of news placed Twitter (TWTR) and Elon Musk in the spotlight.

 

The news that Twitter halted development of a crypto wallet to accommodate DOGE and other cryptocurrencies was unfavorable for DOGE. DOGE and SHIB have also been negatively impacted by investor opinion about Elon Musk's post-acquisition modifications.

 

Advertiser defections pose the possibility of precipitous income stream declines, which could damper the optimistic outlook for DOGE adoption. It is also unknown how the increased $8 cost for the coveted blue check verification marks would affect user numbers.


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