The Traderszone Network

RBOB Gasoline futures tumbled to their lowest level in almost a week overnnight as several US Gulf Coast refineries reported their plans to restart operations after the devastation of Hurricane Harvey forced them to shutdown.

While about one-fifth of U.S. refining capacity is halted, according to data compiled by Bloomberg, some plants including those operated by Citgo Petroleum Corp. and Marathon Petroleum Corp. are preparing to restart.

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EXP $98.11
Another hurricane stock. Missed spotting it early for the big move last week. I can kick myself for missing this. But it may not be done yet.

It hit an all-time high back in Feb @ $110, and its been trending down ever since. (until last week)
It broke the 200 and the 50 on 8/30 and it looks like it wants to bounce off the 200 for the last three sessions. Will look at more T/A later.

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Countries trading with North Korea were aiding its “dangerous nuclear intentions,” the US said.

So I see this going one of two ways:

1. It helps the value of current coins go up since the competition has been lessened and as such the supply is lower than the demand.

2. It hurts the value of current coins as speculators were making a killing as ICO’s surged in price. Now that money making strategy is no longer there, making the point of having crypto meaningless. The eventual dump then creates an oversupply.

Thoughts?

When a ticker symbol changes it’s usually not a good sign.