WTI crude's front-month chart has dropped almost $17 from its September spike at 106.75. A drone strike on Saudi Arabia's East-West pipeline (the Hormuz bypass) sent oil flying. Then the pipeline came back, Saudi exports hit a wartime high, and Washington released another 40M barrels from the SPR. The weekly OCS AI strength signal is still long with three targets booked. The daily AI is short with three targets booked. And this week, the weekly volume delta force just flipped to bear. Dip to buy, or is the war premium unwinding?
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