Day: March 25, 2022
Oil Traders Cut Longs Further The latest CFTC COT institutional positioning report shows that oil traders cut their net long positions to four-month lows last week. The combined net-long position in oil now sits at just 411k lots, just above the 400k lows marked in December 2021 when oil turned lower in the face of […]
ADA price is now in a notorious selloff area that coincided with the price crashing by 40% in January 2022. 2057 Total views 9 Total shares Cardano (ADA) inched higher on March 25, putting itself on course recoup a great portion of losses that it had incurred in the first two months of this year. […]
Macy’s Inc. M, +2.41% disclosed that it had 88,857 employees as of Jan. 29, 2022, up 17.4% from 75,711 a year ago, which was impacted by COVID-19-related store closures. Despite the increase, the current workforce is still 27.8% below the 123,000 employees the department store chain had as of pre-pandemic Feb. 1, 2020. The company […]
South Korean tech giant LG Electronics has officially updated its business development goals to include cryptocurrency and blockchain-based software. 1975 Total views 31 Total shares South Korean tech giant LG Electronics has officially added blockchain and cryptocurrency as new business areas in its corporate charter. According to a local South Korean news report, LG added […]
Gold futures climbed for a second straight session on Wednesday to settle at their highest in about two weeks. Gold responded, in part, to comments from a number of Federal Reserve officials, such as Minneapolis Fed President Neel Kashkari, who “while talking in hawkish tones, are also emphasizing the fabled ‘soft landing’ while taking on […]
The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin. 4741 Total views 86 Total shares The Russian Federation’s energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas […]
Shares of Apple Inc. AAPL, +2.27% climbed 1.3% toward a five-week high, putting them on track to record an eighth-straight gain. That would be the longest win streak since the nine-day stretch of gains that ended on Nov. 24, 2021. The technology behemoth’s stock has run up 14.5% during its current win streak, the best […]
“You can’t solicit funds for a business opportunity, abandon that business and abscond with money investors provided you,” stressed IRS-CI Special Agent-in-Charge Thomas Fattorusso. 1032 Total views 32 Total shares The Department of Justice (DOJ) has taken action against an alleged NFT rug pull, after it slapped the founders of the Frosties project with charges […]
Oil futures fell sharply on Thursday, as world leaders meeting to discuss actions against Russia for its invasion of Ukraine didn’t mention any new sanctions on Russian oil. “NATO members are not throwin’ away a shot at ratcheting the pressure against Russia right now,” said Edward Moya, senior market analyst at OANDA. However, “they will […]
Type: Bearish DropKey Levels:Resistance: 1759’2Pivot: 1728’4Support: 1637’4Preferred Case:With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637’4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728’4 in line with the 61.8% Fibonacci […]
