Bullish momentum to extend?
The Fiber (EUR/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.1736
1st Support: 1.1678
1st Resistance: 1.1808
Oil markets on September 16, 2025, are caught between conflicting forces. While immediate supply disruption risks from Ukrainian attacks on Russian infrastructure and anticipated Federal Reserve rate cuts are providing near-term price support, fundamental market conditions point to significant oversupply ahead. The EIA's projection of massive inventory builds and OPEC+'s continued production increases suggest substantial downward price pressure through 2026, with Brent potentially falling to $50 per barrel despite current geopolitical tensions. The market is essentially pricing in short-term disruption risks while bracing for longer-term oversupply challenges.
source https://www.tradingview.com/chart/EURUSD/Q3YIkp5o-Bullish-momentum-to-extend/
source https://www.cryptomadden.com/2025/09/bullish-momentum-to-extend.html
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