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OIL - Getting Slippery?🩸Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish , trading within the rising channel in blue. 📈 For the bulls to regain control, a break above the last major high marked in blue is needed. 📚 Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:USOIL
by TheSignalyst
5
Hedera Floats $250M Web3 Venture Fund in Saudi ArabiaHedera ( CRYPTOCAP:HBAR ) has launched a $250 million fund for DeepTech as it seeks to drive Web3 education and adoption in Saudi Arabia. The open-source Proof-of-Stake (PoS) public ledger has announced a multi-year strategic partnership with the Saudi Arabian government. According to the announcement, the PoS blockchain has entered into a core alliance with the Saudi Ministry of Investment. The five-year agreement is worth $250 million and includes the Hedera Fund-Saudi collaboration, as well as the launch of DeepTech Venture Studio. The DeepTech Studio is part of a five-year plan and will be established in Saudi Arabia's capital city, Riyadh. Its focus is closely linked with Saudi's goal to diversify its income from oil and gain traction amongst international companies. The Studio will play a crucial part in developing innovative solutions in industries like Artificial Intelligence (AI) and quantum computing. This launch comes amidst other milestones for the protocol, including significant growth and big partnership deals. Hedera Hashgraph's native cryptocurrency, CRYPTOCAP:HBAR , was allocated around 5 billion for the ecosystem's development and the advancement of decentralized governance. A portion of the fund was directed to existing initiatives, including the CRYPTOCAP:HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation. Less than four weeks ago, the Hedera ( CRYPTOCAP:HBAR ) developer team talked about the integration of Hitachi U.S. in relation to potential inclusion in the governance council. The addition of Hitachi, one of the largest even for the Hedera Fund ecosystem, made the former the newest member of Hedera ( CRYPTOCAP:HBAR ) Council. The move is poised to boost the practical application of Web3.0 technologies.
Long
by DEXWireNews
PowerfulThis stock is still in a uptrend, for now its just correcting itself for the last few weeks. We can see good buying from 138 area confirming bulls are in this region and sellers are not very strong currently. With the last candle taking a pause right after the strong bullish candle I think this will be a good buying opportunity once we see it crossing 15.20 area and the targets should be around 175 area for mid to short term. Hit like & follow if you want more updates on Saudi Stocks.
TADAWUL:8230
by stalkstock
XOM OUTLOOK 06/05 -06/09After finishing March and April strong and making all time highs at 119.92, NYSE:XOM pulled back in May to a key support level around 102. With $CL_F setting up for a bullish week, and the Saudis plan to cut their OPEC+ oil supply by 1 million barrels per day, we could see gas prices rise and a potential buying opportunity in $XOM. Technical Analysis: NYSE:XOM tested a breakdown of the macro channel we’ve been watching, but was able to reclaim the support during Friday’s session. As long as we respect this channel, I can see us continuing higher. We also have a dirty inverted head and shoulders with the daily 102.33 level as the neckline. Bulls will want to hold above 106.26, reclaim the 200 day moving average and break above the weekly level at 107.90. My lean is bullish, and will look at the 50% short retrace at 110.59 as a potential price target this week. Bears will want to see price action below 102.33. Upside Targets: 106.26 → 107.55 → 107.90 → 109.58 → 109.61 Extended: 110.59 Downside Targets: 105.00 → 103.32 → 102.33 → 101.26 → 99.18 Extended: 97.02
NYSE:XOMLong
by peterjames_6