TRON trades at $0.072, disappointing United States Crude Oil Inventories data

Although TRON ended today strong and rose from $0.072 to $0.074, it dropped back today and is now priced at $0.072.

• United States's Crude Oil Inventories new data released of -3.83 million below its previous figure.
• TRON has been pretty quiet for the last 13 days, trading mostly flat and moving by only $0 on average.

Crude Oil Inventories in United States fell short of market expectations (1.87 million) with a reading of -3.83 million, continuing the decline from the previous figure of 7.92 million. United States Existing Home Sales (May) released today at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million.

TRON made an initial breakout above its 50 day Simple Moving Average at $0.073, a potential indicator of a newly emerging bullish phase.

Despite muted price action in TRON, chart analysis indicates it is positioned for a bullish run in the short term.

United States Services PMI figure is projected at 54. It previously stood at 54.9; data will be released tomorrow at 13:45 UTC.

FTX Token is up 9.54%. Binance Coin closed at $244.35 (down 1.87%). Ripple slumps 1.17% to trade around $0.495.

Over the past 21 days, TRON has retreated 12.5% from a noteworthy peak of $0.083.