Spot WTI Crude Technical Analysis October 24, 2018

Crude oil suffered heavy losses in the previous day and closed near the day low. The sudden bearish breakout turns the trend into bearish. Fortunately, no lower low printed on weekly basis, the price needs to move below $64.40 to print a lower low.

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Spot Gold Technical Analysis October 24, 2018

We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.

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Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000

A gauge of the 10 biggest, most liquid digital coins dropped to its lowest this year on Wednesday, triggering a flurry of technical studies. While Bitcoin, the largest cryptocurrency, hasn’t hit a similar trough since June 29, it’s attracting bearish calls as it slips below its 50-day moving average.

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A hedge against crypto volatility?

Gold Silver Reports (GSR) – Banks and other Reserve Bank of India-regulated entities stopped servicing cryptocurrency exchanges last month, as per an RBI directive. But within a day or two, at least two cryptocurrency exchanges in India took the peer-to-peer trading route to enable crypto-rupee trading. Read here. P2P transactions, however, do not hedge you against price fluctuations, which can be significant in crypto markets, even in a short span.                   

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Bitcoin Is More Likely To Hit $10,000 Than $30,000

Malta: Making the First Moves in Crypto Securities

Gold Silver Reports (GSR) – However, ICOs contain an implied promise by the issuer that it will work to increase the value of the security—through proprietary technological breakthroughs or other methods. This implied promise makes them securities and the SEC reserves the right to police them.      

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