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Monday, 14 February 2022

CRUDE OIL FUTURES: PROBABLE CORRECTION ON THE CARDS

14 February 2022, 08:40

CME Group’s preliminary readings for crude oil futures markets note traders scaled back their open interest positions by around 19.3K contracts at the end of last week. Volume, instead, rose for the third session in a row, this time by around 328.2K contracts, the largest single-day build since November 26 2021.

WTI looks overbought, targets $100/bbl

Friday’s important uptick in prices of the WTI was on the back of shrinking open interest, hinting at the idea that a corrective move could be in the offing in the very near term. This view is supported by the overbought condition of the commodity, as the RSI hovers around the 75.00 level. The rally in crude oil, in the meantime, now shifts the attention to the psychological $100.00 mark per barrel.


Who is The Owner of Royal Q

Being as curious as you are, I have done deeper research to reveal, in the article below, the real owner of the Royal Q cryptocurrency trading robot, its legal standings, and other important information you need to know before joining the network.

In recent years, we’ve seen the introduction and launch of hundreds of business models and AI tools designed for cryptocurrency and its asset holders.

It is quite unfortunate that many of these innovations, in the pretext of offering a get-wealthy opportunity, are actually scams. While some were suspected from the start, others could not stand the test of time.

With this, investors are now woke, sensitive and inquisitive before buying into any software solution. Nowadays, Royal Q Robot is trending as many people across the world are becoming part of it.

The AI software helps to ease the complexity in keeping track of cryptocurrency investments as it simplifies your portfolio management and increases the ease at which you trade digital assets while maximizing profits. 

More interestingly is the robot’s networking/referral compensation and reward plan where users get rewards and bonuses by referring the software to people and have the potential of raking in more dollars as their referral network expands.

Even amid the proof of how true this scheme works oozing all over the internet, many people want to know how Royal Q really works, its legitimacy, and more importantly, the identity behind the Royal Q trading bot.

Hence, who is the owner of Royal Q?

The CEO/Founder of Royal Q

As with many tech/Artificial Intelligence solutions out there, the founder of Royal Q is not as public when going by the information available on their official website. However, with the information on the company’s registration as a licensed entity (Royal Quantify investment management company) as the image above, we can unravel that:

Royal Q is a Chinese company registered in California, USA with a Business Address: 8605 Santa Monica BLVD #79525, West Hollywood, California 90069, and Headquartered in Singapore. Royal Q founder is of the name Chih Kuang Ouyang.

Royal Q was launched in 2021 as a one-click to start the quantitative trading system, realize automatic intelligent trading, real-time monitoring and tracking of big data algorithms, adjust real-time market conditions, the best quantitative strategy to stop profit, and maximize user profits, with a technical strategy such as built-in tracking for opening positions + tracking stop profit + tail order stop profit + grid Take profit.

It has spread and is very popular in these countries: China, Malaysia, Indonesia, Nigeria, Pakistan, Italy, India, Ghana, Korea, Maldives, Thailand, Bangladesh, etc.

It is expected to be in more than 30 countries within six months. And 100 plus countries within a year. Generate over one (1) billion USDT Revenue for users within a year.

Speaking more on the company’s profile, Some people claim Royal Q is from Hong Kong or Singapore, but considering that their official site is in Chinese and promotional content has Chinese language, we can deduce that Royal Q is supposed to be from China.

It should be noted that the website is available in English and other Asian countries’ language such as Thai, and Russian, and others.

A look at the statistic supplied by one of the world’s largest virtual assistant technology, Alexa, it is predicted that the Royal Q official website receives 25% of its visitors from India, 21% from Nigeria, and 7% from the United States.

The truth about Royal Q and how it works

Royal Q trading BOT is a computer program based on a set of cryptocurrency trading signals that helps determine whether to buy or sell a crypto pair. It can also be said to be a quantification system that adopts a multi-strategy, multi-technology mix mechanism.

The AI software is considered one of the leading next generation in cryptocurrency trading as it offers users the ability to create customizable pre-set trading rules, giving them the leverage of paper trading and backtesting to check your strategies, especially for newbies.

With the understanding of how crypto robots work, Royal Q has the ability to build one’s skills and knowledge to become better at cryptocurrency trading.

Based on experience, the app is used for advanced cryptocurrency trading and stands out due to its outstanding customer service, advanced security, affordability with referral bonuses, and advanced trading indicators.

It is an artificial intelligence app that generates automatic profits. The bot is only available on Binance, Coinbase Pro and Huobi exchange at the time of this report.

Binance as we know was founded in 2017. Its rise has also shaken the position of several leading exchanges. By 2020, the transaction volume of the platform has exceeded 3 trillion US dollars, with users in 180 countries, becoming the world's largest digital asset trading platform. So far, the transaction amount of Binance spot and derivative products in 24 hours is as high as 1 trillion, with more than 210,000 daily active users.

How Does Royal Q work?

In a recent post where I covered the nitty-gritty of crypto trading robots and their role in today’s market, it was discovered that the ROYAL Q Bot is able to make a trading profit of 0.1% – 10% per day and 3% to 300% per month.

The Royal Q bot claims to save you time as well as lose your money while trading for yourself, you will be guided by it.

Step 1. Go to Royalqs.com and click [Register]. Use this Invitation code (P3Z5N).

Step 2. Register and download the Royal Q app from the Google Play Store or App Store

Step 3. Open an account with binance.com

Step 4. Load your Binance spot account with USDT. Preferably min amount of USDT300 and

maximum amount as you desire.

Step 5. Transfer USDT 120 (subscription + Fuel) from Binance to Royal Q and do your activation

Step 6. Bind API and Private Key with Royal Q.

Step 7. Set your trading strategy

To put all these necessary steps in a sentence, users will have to first set up an account with Royal Q after downloading the app online, from the Apple store for IOS device users, as well as Google play store for Android users. Then you log into your Binance account and connect your Royal Q app with your Binance API keys to start trading with the App.

The robot costs only $120 for a full-year subscription, and at least $20 for trading gas fees. As you trade to make profits, gas fees will be collected from the $20. overall, a total of $140 is enough to setup up the robot for trading, while your Binance spot USDT wallet should hold from $50 or $100 or above.

Benefits of Royal Q

In addition to knowing the identity behind Royal Q, and how the app truly works, I have observed and put together some of the advantages of using this particular crypto trading bots to help you decide if this is something worth investing in.

Latest technology business

The automated crypto bot is a computer program based on a set of cryptocurrency trading signals that uses artificial intelligence algorithms to automatically match quantitative trading strategies.

Home-based business

Royal Q officially rolled out a few years ago, precisely in 2017. At that time, the AI software was limited to Asia as only traders in countries like China; India, etc could use it. However, the trading bot app became popular and worldwide in 2021.

In other words, you can use the app to make money wherever you are in the world, so far you have a mobile device with the internet and you can trade.

Business on your palms (mobile application)

Not all crypto bots have their footprint in mobile applications. With Royal Q, you don’t have to take your laptop everywhere while watching your portfolio flourish. Everything can be viewed in your palm with your smartphone via the Royal Q mobile app.

Profit through crypto trading

The Royal Q trading robot is designed to remove the psychological element of trading, which can be detrimental in investment or trading cryptocurrencies. It gathers market data, interprets it, calculates the potential market risk, and executes buying or selling crypto assets on your behalf.

Profits through referring (life long income whenever they make a profit)

According to many users, the real juice of this software flows in when you take advantage of the referral program where you get compensated for referring people into the network, There are 4 levels to this reward plan and you stand to rake in more dollars as your members expand.

Time freedom

With a reliable robot taking care of monitoring the price of your crypto asset and the market performance and executing well-calculated and risk-free trades, you will have more time to focus on other important things in life without sacrificing proceeds from trading.

Money freedom

Many…thousands…countless number of Royal Q users all over the world who have been able to take advantage of the software, particularly the referral plan, are now earning a passive income of around $100 to $500 on a weekly basis without doing anything.

New friends around the globe

The Royal Q networking scheme allows you to connect with like-minds and fellow crypto traders around the globe with foresighted vision. You also get to establish productive relationships in webinars, group chats, and social media cohorts where real Royal Q legends tutor the newbies.

Professional development

Royal Q is a great way to automate your cryptocurrency investments and manage risk by creating rules for making trades.

Learn new ideas

Since you can now set strategies based on previous market data, and can also choose the most popular ones available online which have been tested by other users, Royal Q gives users the opportunity to learn new ideas in the crypto niche.

Is Royal Q legit and safe?

At this juncture, it’s already established that there's an absolute possibility of making money with crypto trading bots. But, along with knowing the owner and how it works, many people still ask whether or not the AI software is legit and actually safe. It is! And here are the factors that deduce so:

API Binding with trusted IP

Royal Q Cryptocurrency robot runs can be monitored on your mobile phone or PC. You simply load the robot on any number of Cryptocurrency/tokens of your choice and walk away.

No withdrawal permission for Royal Q from Binance

The API system (application programming interface) when connecting between Royal Q and Binance, Coinbase PRO, or Huobi exchange only allows RoyalQ to change balances and trades.

No automatic coin selection

Trade multiple currencies pairs at once. Optimized default settings.

Never close a sale on a loss

As explained earlier, Completely risk-free. The robot is loaded with features to dominate any trend. An optionally modified Martingale strategy and built-in money management. With a safe & secure bankroll with spot trading

Instant disbursement of commissions

No delay in receiving reimbursement for commissions earned in Network and compensation plan and no charges for Royal Q transfers, only 2 USD charge for withdrawal for any amount.

In addition, It is only the rental price of the bot and you risk losing if at all Royal Q stops operating, but you still have an unchanged balance in your Binance, Coinbase PRO, or Huobi exchange account in USDT or in the form of other coins that are being traded.

Royal Q Vs Competitors

Royal Q trading bot has various competitors that offer similar products, and this is no shocker given that it is one of the famous crypto AI tools trying to secure a place in the global playground.

However, what significantly sets Royal Q apart from many other competitors is that the platform offers comprehensive educational tools to help you improve users' trading skills, plus it's a practical and evidently working referral compensation plan.

It is true that the app doesn’t have enough leverage in respect to connecting with several exchanges, only Binance and Huobi. Unfortunately, users have been deprived of the opportunity to invest in a variety of cryptocurrencies because of this which might make them look elsewhere.

Nevertheless, it is a platform to bank on if you simply want the best rate for your transaction and pretty much effortless profit-making.

So, is Royal Q worth it?

The truth, my friend, is that Royal Q may be a great platform for managing crypto assets, but it may not be for everyone.

If you’re a long-term-oriented investor that doesn’t trade often, then you may not find Coinrule worth it. The same situation applies if you are looking for a get-rich-quick or set-and-leave scheme.

On the other hand, if you have accounts with Binance or trade crypto daily, then using Royal Q may be well worth the shot.

Again, in terms of security, you need not worry as the software uses various levels of security to protect your privacy and prevent hackers from gaining access to the platform.

For example, In one of my talks with a crypto bot expert, a friend, I learned that ideal bots with great security and safety are ones that have a series of features from a multilayer of security barriers such as authentication procedures, military-grade encryption, payment protection, and so on.

All these advanced features can be seen in the process of how Royal works, and that is quite reassuring, at the least.

Conclusion

So far, we’ve been able to touch on the name behind the ownership of Royal Q, the profile of the AI software as a licensed company, and how it works.

All and above, it can be deduced that Royal Q seems a lovely opportunity, as we have to just invest 100 USD and we will earn trading profit and even get a referral commission of up to 70% and other team building bonuses

But you must keep in mind that trading bots aren’t always profitable, especially if you have a mediocre attitude or expectation towards it. You want to make sure it is something that suits well with your trading style before you invest in it.

If you care to know more about Royal Q in terms of its profitability and how users are currently making money from the platform, I encourage you to read my recent article 

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Royal Q Account 

Huobi Account

Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments

Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business have revealed.

Russian Central Bank, Finance Ministry Agree to Prohibit Crypto Payments

The Central Bank of Russia, the Ministry of Finance and the government have converged on the question of how to regulate Russia’s crypto space. Decentralized digital currencies will not be accepted as a means of payment, the head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin told reporters following a meeting devoted to digitalization.

Last month, Bank of Russia urged for a wide-ranging ban of crypto-related activities, including their use in payments, exchange and mining. The hardline policy proposal was met with opposition from other institutions, including the finance ministry which came up with its own vision of how cryptocurrencies should be treated. Siding with the treasury’s stance, the federal government adopted a plan which favors regulation over prohibition.

“It is already clear that both sides in this discussion have generally come closer. In particular, if we are talking about prohibitions, then that is rather about a ban on the use of cryptocurrency as a means of payment, while other aspects are subject to regulation,” Shokhin was quoted as saying by the daily Izvestia. According to the government-approved regulatory concept, coins can be bought, exchanged, and sold, the report notes

Vladimir Potanin, co-chairman of RSPP’s Coordinating Council and president of Nornickel, noted that the regulatory bodies are still seeking agreement on the details of Russia’s crypto framework but he emphasized that all of them support a ban on the use of cryptocurrency as a legal tender.

“The business community has reached an understanding with the government, the central bank and lawmakers that cryptocurrencies are more complicated and difficult to regulate than digital financial assets,” the billionaire elaborated, quoted by Forklog.

While regulating certain aspects of the crypto economy such as the issuance of tokens, the Russian law “On Digital Financial Assets,” which went into force in January of last year, left many unanswered questions. A working group at the State Duma, the lower house of parliament, is now preparing legislation to fill the gaps.

A new law introducing comprehensive rules for the circulation of cryptocurrencies in Russia, based on the finance ministry’s proposals, is expected by Feb. 18. Earlier this week, the chairman of the Financial Market Committee Anatoly Aksakov announced that a draft is already on his desk. Deputies plan to adopt it during the spring session of the Duma.

Do you expect Russia to regulate cryptocurrencies by the parliament’s summer recess? Tell us in the comments section below

Indian Parliament Member Clarifies Legal Status of Cryptocurrency

Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India.

Legal Status of Crypto in India

Following the finance minister’s announcement to tax cryptocurrency income, the question of whether crypto is now legal or legitimate in India has come up repeatedly.

Union Minister of State for Finance Bhagwat Karad, a member of Rajya Sabha, India’s upper house of parliament, reportedly explained Saturday that cryptocurrency is not legal in India.

He told reporters that both the government and the central bank, the Reserve Bank of India (RBI), have not given any recognition to cryptocurrencies, therefore they are not legal in India right now.

However, he is not saying that the legal status of crypto will remain this way, emphasizing that what happens in the future regarding its legal status cannot be said at this time.

Minister Karad’s statement echoes one made by the Indian finance minister, Nirmala Sitharaman, last week. She said the government is not going to legalize or ban cryptocurrency at this stage, stressing that the decision of whether to ban crypto will come after she receives input from various consultations.

Crypto Currently Neither Legal nor Illegal in India

While Minister Karad said cryptocurrencies are not legal in India, the Indian government has noted repeatedly that they are also not illegal.

Finance Secretary T. V. Somanathan, for example, said earlier this month that crypto assets are currently not illegal. However, he stressed that investments in them are not encouraged either, elaborating:

They are in a gray area. They are not illegal. It’s not illegal to buy or sell crypto assets in India, and it continues to be not illegal.

Meanwhile, the finance minister has made it clear that income from cryptocurrency transactions will be taxed. However, the crypto industry is petitioning for the government to reconsider the 30% taxation proposed in the budget.

Minister Karad added Saturday:

There is information that some people have invested in cryptocurrencies. Thus, 30% tax has been proposed on [crypto] transactions in the Union Budget.

The Indian government is reportedly consulting widely with many stakeholders regarding crypto regulation. The finance minister also said that the government is constantly monitoring the crypto sector.

A cryptocurrency bill was listed to be considered in the winter session of parliament but it was not taken up. The government is now reportedly reworking the bill.

What do you think about how India is treating crypto? Let us know in the comments section below.

NH Governor Signs Executive Order to Bring 'Regulatory Certainty' to Cryptocurrency Industry

The governor of the U.S. state of New Hampshire has signed an executive order establishing a commission on cryptocurrencies and digital assets. “Federal and state governments must work to bring legal and regulatory certainty to the digital asset industry because clear rules of the road foster technology and innovation,” said the governor.

NH Executive Order on Cryptocurrency

Governor Chris Sununu of New Hampshire announced last week that he has signed an executive order establishing “the governor’s Commission on cryptocurrencies and digital assets.”

The Commission will focus on several key areas, including:

Reviewing and investigating the current status of United States federal and state laws and regulatory rules, and laws of other non-United States jurisdictions, applicable … to banks and other businesses that provide services with respect to cryptocurrencies and other digital assets.

The governor explained: “New Hampshire is a hub of financial innovation, and this executive order will further our commitment to attracting high-quality banking and financial businesses in a safe and responsible manner.” He stressed:

Federal and state governments must work to bring legal and regulatory certainty to the digital asset industry because clear rules of the road foster technology and innovation.

Members of the Commission shall include the Attorney General, the Commissioner of the Bank Department, one state senator, one state representative, and “three public members with recognized experience with cryptocurrencies,” the order details.

The Commission will hold public hearings to hear testimony regarding the development of cryptocurrency and digital asset economies.

In addition, it will make recommendations for specific modifications and improvements to laws and regulations applicable to cryptocurrency.

According to the executive order, “No later than 180 days from the date of this order, the Commission shall submit a report containing its findings, determinations, and recommendations to the governor, the speaker of the House, and the president of the senate.”

What do you think about this executive order by the New Hampshire governor? Let us know in the comments section below.