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
#KNC/USDT analysis :
#KNC is retracing towards the 200 EMA, indicating potential upside. The price is respecting the trendline and bouncing back, which suggests a good opportunity for a long entry. Previous highs will serve as target levels.
TF : 4H
Entry : $0.4198
Target : $0.4582
SL : $0.3939
#KNC/USDT analysis :
#KNC is currently in a downtrend, trading below the 200 EMA. The price is forming a pattern of lower lows and lower highs. At present, the price is facing resistance near the 200 EMA, suggesting a potential reversal from this point to maintain its bearish movement and establish a new lower low.
TF : 4H
Entry : $0.4419
Target : $0.4083
SL : $0.4589