Venezuela's PDVSA is set to resume oil exports to India's Reliance Industries following a green light from the US Treasury. Meanwhile, Caracas approved a 20-year joint gas project with BP and Trinidad's NGC to explore the Cocuina-Manakin field.
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#PDVSA#sanctions
#FET/USDT Analysis-
The price has formed a symmetrical triangle pattern. Given the current bullish market scenario, there is a high probability of an upward breakout.
If the breakout occurs, the price is likely to rally toward the target zone from the breakout point.
T.F.- 1-D
ENTRY- as soon as it gives breakout
SL- 1.2
TARGET- 2.04
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
#FET/USDT analysis :
#FET has broken down the 200 EMA and previous support levels. It is now undergoing a pullback and retesting the resistance zone. The price is expected to reject from there and bounce back to continue its bearish momentum.
TF : 1H
Entry : $1.170
Target : $1.057
SL : $1.252