$SOL tried to reclaim the $102 to $102.30 zone, but sellers pushed the price back again. 👀
Price is still struggling around the EMAs, so the structure remains weak for now.
If SOL reclaims $102.30, we could see some recovery. But if it gets rejected again, I'm watching $100.30 as the next support, and a breakdown could open the way toward $99.
🇷🇺🇺🇸🇺🇦 Russian diesel is heading directly to the U.S. for the first time under Trump's new deal with Putin.
And one of the tankers is SANCTIONED by America's European allies.
3 vessels carrying ~140,000 tonnes of Russian diesel are scheduled to reach U.S. ports next week, after Washington temporarily exempted the fuel from sanctions.
The first tanker is expected in New York on Nov 7, followed by two more, including the Leruo, which is blacklisted by the EU, UK and Canada.
The shipments come as U.S. diesel averages $6.34 a gallon, up from $3.66 a year ago, with the Trump admin looking for ways to bring energy costs down.
A bipartisan group of senators is already warning U.S. companies that participating could create serious legal risks.
Russian diesel is crossing the Atlantic again, this time with Washington's permission...
🇸🇦🇮🇷 Saudi-led defense alliance gives Iran LAST CHANCE at diplomacy
Saudi, Pakistani, and Turkish security officials met Iranian leaders in Tehran as attacks on the Kingdom fuel fears of a wider regional war.
The 3 countries' “collective action” defense pact faced its first major test, but the talks produced NO announced deal to stop Houthi attacks.
With Trump threatening renewed strikes on Iran, the alliance is reportedly using diplomacy to pressure Tehran before potentially launching a joint military response.
Tehran is running out of time to avoid a regional faceoff in the midst of a global crisis.
🇮🇷🇸🇦 The IEA’s boss doesn’t think energy markets will be back to normal next year.
Oil shot up to $117 a barrel on Friday after more Houthi attacks on Saudi Arabia, the highest in almost 6 months, and it’s still about 59% pricier than before the war.
He says these prices might be manageable for some countries in Europe, but for a lot of others, oil near $120 is hitting their trade deficits hard.
And winter’s coming, so diesel demand for heating goes up just as several refineries go through their usual maintenance.
Europe’s gas supply is getting squeezed too, since it cut Russian imports and Qatar and the UAE can’t export as much as before.
So it’s gonna be a cold, pricey winter for plenty of countries.