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U.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OIL

U.S. DOLLAR / WTI CRUDE OIL

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Arhaan9787
USOILSPOT This is based on the daily timeframe.
Thought it was worth sharing with you all. While I'm not certain how it will play out—considering how highly manipulated and news-sensitive OIL tends to be—the current trend suggests a potential upside movement through the end of this year.
What are your thoughts? Feel free to share in the comments.
Snapshot
Arhaan9787
USOILSPOT OPEC+ agrees to 548,000 bpd oil output hike for Sept.
So ready for more downtrend for at least 2-3 sessions. I guess so.
HTF indicating the same on the chart.

What does your analysis say?
beyond50
WTICOUSD A Last Look:
I'll leave you with what the Hourly chart looks like in preparation for this Sunday.

For your own self-help analysis, take a look at the market bias; what's in the way if the bulls want to rise up; midpoint of tall bearish candle; and that explosion emoji. There's also a bunch of medium-to-small, non-trending candles. Hmmm...what could that mean?
Snapshot
arjungoodwill
USOIL So todays move was solely based on the OPEC news. What would happen if they just plan to do September increase by a lower volume than speculated. Will it climb back the 2 dollars? Looking forward to a magical shift on Monday morning.

It had already gone past my SLs when checked in back after office hours. Was not expecting such a blood bath before the actual Opec meeting on Sunday.
mustafabeercan
WTICOUSD :-(

Trump: Based on the highly provocative statements of the Former President of Russia, Medvedev, who is now the Deputy Chairman of the Security Council, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these inflammatory statements are more than just that. Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances - Truth Social.
USOIL Rig count continues dropping. What will the sailboats do without rigging? ⛵