PBF Energy (PBF: NYSE)

PBF Energy (PBF), a petroleum refining and supply company, is discussed in relation to its recent partnership with a division of the global energy giant ENI. This 50/50 partnership is aimed at supporting the financing of a biorefinery project, which is expected to be a significant growth driver for PBF Energy in the coming years.

PBF President Matthew Lucey emphasizes the complementary strengths and expertise that both companies bring to the biorefinery project. The collaboration is anticipated to increase PBF’s refining capacity and enable entry into key markets, aligning with the company’s growth goals.

The analysis expresses bullish sentiment on PBF Energy (PBF), proposing an entry above the $41.00-$42.00 range, with an upside target set in the $72.00-$74.00 range. The discussion also factors in macroeconomic tailwinds, such as strong demand for refined products and ongoing geopolitical tensions, as positive indicators for energy prices and, consequently, PBF Energy.

The Sandbox (SANDUSDT)

In analyzing SAND/USDT, two potential entry points are considered: a retest of the lower range support level at $0.51 or a break and retest of the $0.55 top of the range support.

For the first option, entering at $0.51, the plan is to take profits at the next areas of resistance, specifically between $0.60 and $0.63. For the second option, entering at $0.55, the profit-taking strategy shifts to targeting the resistance areas of $0.68 to $0.715.

To manage potential losses, a well-defined stop-loss order has been set. For an entry at $0.51, the stop-loss is just below at $0.47. For an entry at $0.55, the stop-loss is set just below at $0.52. These stop-loss levels are intended to protect the trades from significant downturns and adhere to sound risk management principles.

Scallop (SCLPUSDT)

In the current market scenario for SCLP, where it is trading in the $0.2640 – $0.276 area of support, you are considering taking a trade. The planned strategy involves laddering into the trade within the current support range of $0.2640 – $0.276.

The profit-taking plan includes two target areas: the first at $0.33 – $0.34 and the second at $0.36 – $0.37. These levels represent potential areas of resistance where profits could be realized.

To manage potential losses, a stop-loss order has been set just below at $0.2525. This risk management measure is crucial for protecting the trade from significant downturns.

An additional note emphasizes the awareness that Bitcoin (BTC) is at resistance and displaying signs of weakness. This serves as a reminder to manage trades closely, recognizing the impact of broader market conditions on the specific trade in question.