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Futures News, December 2nd: As of December 1st, the mainstream benzene market price in East China closed at 5320 yuan/ton, down 110 yuan/ton from 5430 yuan/ton at the beginning of November. From a fundamental perspective, December arrivals in East China are concentrated, and major ports in East China will enter a period of continuous inventory accumulation. In addition, with the weather turning colder, insufficient end-user orders and low downstream operating enthusiasm continue to put pressure on price recovery across the industry chain. However, on the cost side, geopolitical tensions threaten market supply, and European and American crude oil futures rose 1.3%. Under the interplay of bullish and bearish factors, the benzene market is expected to trade within a range.On December 2nd, futures market news reported that crude oil prices traded higher yesterday, primarily driven by the return of two major geopolitical risk premiums. Firstly, the slow progress of peace talks between Russia and Ukraine, coupled with Ukraines attacks on European oil ports and pipelines; secondly, the USs air traffic control over a South American country over the weekend, leading to the breakdown of peace talks and heightened tensions in South America. Zhuochuang Information predicts that the return of geopolitical risks has led to an increase in oil prices. However, whether this upward trend can continue depends on close monitoring of developments. If the conflict escalates, oil prices will continue to rise; otherwise, if the situation remains manageable, oil prices will likely experience wider fluctuations. In the short term, the geopolitical risk premium remains high, and oil prices are expected to remain relatively strong.Fitch: Penalties imposed on South Korean banks highlight non-financial risks.On December 2nd, Xiaomi Auto announced that as of today, since April 3rd, 2024, Xiaomi Auto has delivered more than 500,000 vehicles.The yield on Japans 20-year government bonds rose 1.5 basis points to 2.905%, hitting its highest level since June 1999.

A RETURN OF DOGE TO $0.10 WOULD SIGNAL A RETURN TO $0.12

Alina Haynes

Nov 09, 2022 17:52

 截屏2022-11-09 下午5.38.19.png

 

Dogecoin (DOGE) and shiba inu coin (SHIB) both experienced significant losses on Tuesday, with DOGE falling for the fourth straight session. With the demise of FTX and the SEC's victory in its case against LBRY, Twitter (TWTR) headlines took a backseat. The technical indicators became bearish, with DOGE and SHIB below their 200-day exponential moving averages (EMAs).

 

On Tuesday, dogecoin (DOGE) fell 20.68 percent. Following a drop of 3.07% on Monday, DOGE closed the day at $0.08822. Notably, DOGE closed below $0.10 for the first time in eleven sessions and extended its losing skid to four sessions.

 

After a bearish morning, DOGE reached a high of $0.1130 in the late afternoon. DOGE reached a late low of $0.07704 after failing to surpass the First Major Resistance Level (R1) at $0.1178. DOGE fell below the Day's Major Support Levels due to the prolonged sell-off. The Third Major Support Level (S3) at $0.08840 restrained DOGE late in the session.

 

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 beginning at 0 pips and commissions of $3.50 every 100k 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, Shiba inu coin (SHIB) fell by 13.90%. Following a loss of 0.34% on Monday, SHIB's closing price was $0.00001016.

 

SHIB reached a morning high of $0.00001189 despite a shaky start to the day. SHIB fell to a late-afternoon low of $0.000000923 after failing to surpass the First Major Resistance Level (R1) at $0.00001211. SHIB dropped below the day's Major Support Levels to less than $0.000010 before staging a partial rebound to close at $0.00001016.

 

As investors coped with the news of an FTX liquidity shortage, sentiment toward Twitter (TWTR) and Elon Musk took a back seat. FTX Token (FTT) sank to its lowest point since April 2020 before closing the day 75% down. The news that Binance planned to acquire FTX was somewhat reassuring, but it failed to restore market order.

 

Fears of contagion and the escalating danger of regulatory action have put DOGE and SHIB in the red. This morning, market conditions did not improve as investors awaited the initial effects of FTT's demise. However, it may take some time for investors to fully comprehend the effects of the FTT fall.

 

DOGE was down 1.05% at $0.08730 at the time of writing. The DOGE price rose to a day's high of $0.08983 before falling to a day's low of $0.08147.


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