Investors are demanding more protection against Big Tech credit risk:
5-year credit default swap (CDS) spreads on Oracle, $ORCL, Amazon, $AMZN, Google, $GOOGL, and Microsoft, $MSFT, are up to ~75 basis points, near the highest in at least 7 years.
CDS spreads on the same group
BREAKING: China’s crude oil imports dropped -41% YoY in June, to 29 million tons or 7 million barrels per day, the lowest in 10 years.
MoM, oil imports fell by -4 million tons, or -12%, to the weakest level in 8 years.
Import volumes have now declined -26 million tons, or -47%,
$SNDK LONG TERM 40X OVERSOLD REVIVAL 🩸
Repeating this crash zone for a 40x bounce play panic creates opportunity.
Entry: 1,455.27 – 1,582.59
SL: 1,380.00 (major demand)
TP1: 1,839.51
TP2: 1,982.59
TP3: 2,200.00+
$SNXX $AKE
{future}(SNDKUSDT)
{future}(AKEUSDT)
{future}(SNXXUSDT)