Macro Monday 31 U.S. Dallas Fed Manufacturing Index This Index is compiled from a monthly survey conducted by the Federal Reserve Bank of Dallas to assess the health of manufacturing activity in the state of Texas. It provides insight into factors such as production, employment, orders, and prices, offering a snapshot of economic conditions in the region. ...
Thank you for taking the time to review our update. It's essential to emphasize that the following information is not intended as trading advice, The max supply same as BTC 21M and the TA trends will make this coin able to break . BTC 2.0 demonstrating significant changes in trading volume, representing a new cryptocurrency with inherent high-risk However, if...
XOP Using $XOP as representative of the Oil and Gas Exploration Industry. Pearson's R^2 = 0.95 indicating strong tendency for signal to centralize around its multi-year linear mean (LM, 150.22). Signal currently resides just above the lower third standard deviation (-3) off the linear mean(LM). Statistically speaking it would be tough to hold this...
Oil demand, driven by China is an area of strength, but a slowing Chinese economy could weaken this. However, OPEC’s resolve to keep markets tight is strong. Petroleum product markets – heating oil and gasoline – are especially tight with inventory significantly below normal and prices have hit ‘golden crosses’ : technical analyst parlance for bullish conditions....
Technical Thesis: -double bottom -20 day MA on the verge of a steep cross up through the 50 day MA -average volume is trending upwards -it broke out with significant volume Fundamental Thesis: -YoY Profit margins are trending upward -from 2018 to 2020 their debt to assets has fallen significantly -on the Macro side, with the ability of large-scale production and...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team first began diving into the soda ash industry when a data...
This is a production chart and the last of my economic charts. I want to take a second to think back to 2020 here. The world shut down, when it reopened the Suez Canal got blocked, shipping is still no where near recovered. The rich are pulling PMs off the Comex as a silver squeeze happened, and a lack of shipping on top of this and scalpers lead to SO MUCH tech...
Oil has risen strongly above the $60 level. The price action has been very bullish with closes near the highs of the day. I believe the reasons for this is anticipation of demand rising again as nations opens back up and vaccines are distributed again, followed by stimulus being distributed. The market is pricing in Texas production cuts as this will curtail...
I have updated the values of the bitcoin production cost indicator for the Chinese province of Sichuan (35% of hashrate share) where the cost of electric current does not exceed 1 cent per kilowatt hour. For a miner located in this Chinese province the cost to produce a whole bitcoin does not exceed 4000 dollars, this price falls within the support area of my kama...
The situation hasn't changed much since the last update apart from the halving that brought the average cost of mining 1 btc to $13500, it's an average world value but it means that at the moment few miners are at profit. Considering the minimum possible value of the CBEI index the cost to mine a single bitcoin drop to 7400$. Few miners are at profit at the...
Production cost is about to double to $14,000. 70% above the current price. Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%. Bitcoin Production Cost script just updated with the latest data: - CBECI electrical data as at 11 May 2020 - Now uses 2 week rolling data for finer granularity (while balancing TradingView...
Ego with a Strong move out of the ascending triangle after a earnings surprise. Gold is looking like an excellent hedge here against the spreading corona virus and slowdown of economic growth. EGO has a heavier position with me due to its smaller share structure, a lot of these miners have really high share counts and wanted to be better positioned in one that...
This week price closed with strong bearish momentum after hitting the reversal zone. With production estimated up, and uncertainty with China trade, the bearish momentum may push further to 854 - 820 level in coming weeks. Looking to complete the downward range to -27.2% level of the weekly Fibonacci retracement range.
It has been a long road and you can see part of that under the $PYHH idea I previously published. $OSCI has filed a large number of financials in the past 2 days and I'm expecting them to go current on OTCMarkets.com followed by some news and hopefully production ramping up. We've seen a lot of activity over the past few months on the property, mostly posted to...
Texas oil , is as much as ever tide very closely to political event and oversupplie problemes . Cut of production have almost run there course and price action has never been able so far to go above the 54 55 area .Cut did not produce the push in price action and shelloil producer are still pomping a lot and are not planing to cut production , more like the...
GBPAUD: Short GBP over bad forecast on Manufacturing Production. Previous is 0.6%. Forecast: 0.2%.
Situation at industrial production in the US hints of a stalled recovery around 2008 highs, which is a risk, considering the fact that current base year for the indices was recently updated to 2012 (so there is no base effect in the index now) Total industrial production has recovered past its 2008 highs, but stalled somewhat at current levels since about a year...
Industrial Production Index has been trending within its relevant ascending range since 2011 and has restored all the losses of the 2008-2009 financial crisis back in mid-summer 2013. Thus overall the Industrial production in the US is developing at a good pace, in line with the lateral uptrend in S&P 500.