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Oil prices rise in response to US sanctions on Iran WTI oil prices rose, breaking out of the consolidation zone, extending the previous bullish candle, and successfully breaking through the resistance zone of 61.28. Yesterday, WTI oil prices with the symbol XTIUSD drew a long-bodied bullish candle with few shadows. Oil prices formed a high of 64.17, a low of 61.95, and a closing at 63.65. Oil prices plunged to a low of 54.72 on April 9 but quickly rebounded to a high of 62.49 on the same day. Fluctuations in oil prices occurred along with Trump's tariff policy, which had an impact on several financial markets. Another reason is a rumour that OPEC+ will increase supply in May. Recently, oil prices rose due to concerns about a tighter supply chain following new US sanctions on Iran. On Wednesday, the Trump administration announced new sanctions targeting Iranian oil exports, including measures against a "teapot" refinery based in China. The US move is aimed at suppressing Iranian exports amid rising tensions over its nuclear program. According to a statement from the US Treasury Department, the sanctions are intended to prevent Chinese imports of Iranian oil as President Trump ramps up his “maximum pressure” campaign, which aims to reduce Iranian oil exports to zero. Elsewhere, OPEC said it had received new plans from Iraq, Kazakhstan, and other producers planning additional production cuts to offset previous overproduction. On the oil demand side, crude oil prices are supported by optimism amid US-China trade negotiations. China has shown a willingness to engage in talks, provided several key conditions are met. Oil prices have risen more than 2% this week, positioning themselves for the first weekly gain this month. However, despite the support from the oil price increase, analysts are still skeptical about further gains as OPEC, the International Energy Agency (IEA), Goldman Sachs, and JP Morgan have all lowered their oil demand forecasts due to trade tensions caused by the trade war. Elsewhere, the WTO has also lowered its global trade forecast from previously projecting a 3.0% expansion to a 0.2% decline this year.
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Binance Airdrops, Giveaways & Promotions
⭐ Warfare replied to ⭐ Warfare's topic in Referral Links - Post your ref links
Binance Launchpool Listed Initia (INIT) The 68th project on Binance Launchpool is Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics. INIT tokens can be farmed for the next 6 days by staking BNB, FDUSD, and USDC, starting from 2025-04-18 00:00 (UTC). Launchpool Token Rewards: 30,000,000 INIT (3% of total token supply) Binance will then list INIT at 2025-04-24 11:00 (UTC) and open trading with INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY trading pairs. The Seed Tag will be applied to INIT. More details Not financial advice. Do your own research. -
J.J. Edwards’ Expert Market Analysis at FenzoFx
FenzoFx replied to FenzoFx's topic in Forex News & Analysis
NATGAS Analysis FenzoFx—NATGAS dipped below $3.43 support on April 14 and currently trades at around $3.22. The Stochastic Oscillator indicates potential consolidation before the downtrend resumes, with $3.43 as a key resistance. The bearish outlook holds unless NATGAS exceeds $3.66. -
Dhangotay started following DARK Token: Exploring the Intersection of AI, Blockchain, and DeFi
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The DARK token offers an intriguing vision for decentralized finance, relying on automation, flexibility, and cutting-edge technology. Unlike traditional blockchain projects, DARK is designed to grow and evolve over time, with AI enabling it to integrate new tools and protocols automatically. This approach could make the system more agile and responsive to rapid technological changes. A key feature of DARK’s infrastructure is the use of Trusted Execution Environments (TEEs). These secure enclaves enable private and reliable computation, which becomes increasingly important as decentralized networks expand and tackle more complex tasks. DARK uses TEEs to support large-scale computing platforms (MCPs), potentially increasing the number of applications that can be developed within its ecosystem. In terms of trading, DARK is available for Perpetual Futures trading DARK/USDT on BingX, allowing users to interact with the asset in more advanced ways than just holding. This opens up opportunities for hedging, speculation, and risk management, strategies that are becoming more common in DeFi. Overall, DARK seems to prioritize long-term innovation over quick hype, pushing the boundaries of blockchain, AI, and computing. It raises several important questions: Can tokens truly adapt over time? How scalable can TEEs be in decentralized networks? What does a smarter DeFi ecosystem look like? Time will tell, but projects like DARK suggest that the future of DeFi could look very different from what we know today
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The DARK token offers an intriguing vision for decentralized finance, relying on automation, flexibility, and cutting-edge technology. Unlike traditional blockchain projects, DARK is designed to grow and evolve over time, with AI enabling it to integrate new tools and protocols automatically. This approach could make the system more agile and responsive to rapid technological changes. A key feature of DARK’s infrastructure is the use of Trusted Execution Environments (TEEs). These secure enclaves enable private and reliable computation, which becomes increasingly important as decentralized networks expand and tackle more complex tasks. DARK uses TEEs to support large-scale computing platforms (MCPs), potentially increasing the number of applications that can be developed within its ecosystem. In terms of trading, DARK is available for Perpetual Futures trading DARK/USDT on BingX, allowing users to interact with the asset in more advanced ways than just holding. This opens up opportunities for hedging, speculation, and risk management, strategies that are becoming more common in DeFi. Overall, DARK seems to prioritize long-term innovation over quick hype, pushing the boundaries of blockchain, AI, and computing. It raises several important questions: Can tokens truly adapt over time? How scalable can TEEs be in decentralized networks? What does a smarter DeFi ecosystem look like? Time will tell, but projects like DARK suggest that the future of DeFi could look very different from what we know today For TOPGOLD
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Dhangotay changed their profile photo
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J.J. Edwards’ Expert Market Analysis at FenzoFx
FenzoFx replied to FenzoFx's topic in Forex News & Analysis
Ethereum Analysis FenzoFx—Ethereum trades sideways, unable to surpass $1,690 resistance. Currently, it hovers at $1,565, testing this level as support. The bearish trend persists below $1,755. Stabilization under $1,565 may lead to dips toward $1,470 and potentially $1,370 if selling pressure increases. -
Dhangotay joined the community
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