@MPX_Trader Nice chart Mandi! But that would not be a Turtle Soup (which has to be a test four days apart). But if it takes out PDH, it will give a Wide Range Reversal Buy aka, "V".
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WHAT IF A TOKENIZED DOLLAR could change its stripes from a tokenized bank deposit (TD) to a #stablecoin & back & forth, as it moves between holders? What if a bank could deliver wallets & custody directly into the core of the banking system, targeting not just the $291bn stablecoin market but the far bigger $5.6 trillion deposit market, while addressing banks' biggest concern that stablecoins could disintermediate their core deposits by directly connecting them to tokenized deposits? News soon.😉 @Vantage_Bank@custodiabank
September @philadelphiafed Manufacturing Index +37.8 vs. +32.1 est. & 47.4 prior … prices paid +48.9 vs. +40.9 prior; new orders +29.2 vs. +30.1 prior; shipments +27.7 vs. +27.7 prior; employment +11.8 vs. +27.9
🔴Chinese oil prices are SKYROCKETING:
Shanghai crude futures hit $129 a barrel on Wednesday, surpassing their previous $122 high from the first weeks of the Iran War.
This marks a +14% increase since last week's attack, which forced Saudi Arabia to shut its East-West pipeline.
This has pushed Shanghai crude futures to a rare and substantial premium over Brent, which traded around $108 a barrel on the same day, creating a gap that rarely occurs under normal market conditions.
Meanwhile, the spot price for Brent for immediate delivery spiked to $146 a barrel, a +$25 surge from just the end of last week, as refiners scramble to secure cargoes.
This comes as China’s crude imports have recovered to 8.9 million barrels per day in August, after falling from more than 12 million b/d before the war to just 7.1 million b/d in June.
Chinese refiners are also aggressively securing alternative supplies, with purchases of crude from West Africa, Canada and South America rising as access to Iranian and Russian barrels becomes more difficult.
Meanwhile, falling Chinese stocks of petrol, diesel, and jet fuel are also fueling speculation that Beijing could reimpose the fuel export ban it used earlier in the war, one that previously sent global prices surging when enacted.
China’s rising demand is adding to pressure on the energy market.
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2K Followers 3K Followingشهادة الإنعاش القلبي الرئوي BLS+ACLS+PALS+NPR معتمدة من جمعية القلب السعودية والامريكية وإضافة ساعات تعليم طبي ممارس بلس، للتواصل https://t.co/tBMHX8TQV3