TraderS | 缺德道人|Sep 23, 2026 12:35
Speaking of which, today WTI crude oil touched the lower Bollinger Band and the EMA50 daily line at the 88+ level before rebounding.
Since President Xi has already departed, we should take a look at the market trends during Trump’s visit to China from May 12-15. Back then, the market peaked before departure and started to pull back after arrival.
The market always trades on expectations in advance. Now that expectations have been fulfilled, oil prices rebounded, and risk assets also have the need to test highs and pull back. Still, it’s important to stay cautious about risks.
If there’s no unexpectedly positive outcome from the China-U.S. or U.S.-Iran talks, the market might decide to take a breather.
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