💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Venezuela Amuay Refinery Restores Basic Services After Power Outage
Investing.com – According to Reuters, sources familiar with the matter revealed that Venezuela’s largest refinery, Amuay, resumed basic operations on Tuesday after shutting down on Monday due to a power outage.
This facility, with a processing capacity of 645,000 barrels per day, is currently preparing to restart its processing units, which were previously shut down due to the power failure.
In recent years, facilities operated by state oil company PDVSA have frequently experienced power outages and other technical incidents. These disruptions have prevented Venezuela’s refineries from operating at maximum capacity.
When asked about the situation at the Amuay refinery, PDVSA did not immediately respond to requests for comment.
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