👑 Trading with patience. Daily chart ideas, buy zones and short setups.
Always divide your portfolio, 1st for trade 2nd part for DCA third is for your bad days
#OilNews #G7 🚨🔥 BREAKING: G7 Agrees to Release 100 Million Barrels of Oil and Diesel! 🛢️ The G7 countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves, after pressure from the US to cool fuel prices linked to the Iran war. What this means right now: 🛢️ Big Release: The oil and diesel will be released over the next four months, with a focus on diesel. ⏱️ Diesel First: A large part of the diesel release is planned within the first 20 days. 📉 Oil Falls: Oil and diesel prices dropped as traders priced in extra supply, and Brent crude fell below $100 per barrel on Friday. 🇺🇸 Why Now: The US president wants lower domestic fuel prices ahead of the November 3 midterm elections. ⚠️ Not a full fix: One energy expert said the release is welcome but does not solve the main problem that global supply is still lower than normal. $BTC 🚀 THE BIG QUESTION: Will extra oil supply really push fuel prices lower, or is this only a short-term dip? Lower oil can ease inflation fears and help stocks and crypto, but supply risks from the Iran war are still there. 💬 BULLISH OR BEARISH? Drop your take below! 👇 📰 Sources: Reuters via Nikkei Asia ,Al Jazeera.