WTI – Explosive move to the upside ahead? [Video]
![WTI – Explosive move to the upside ahead? [Video]](https://editorial.fxsstatic.com/images/i/West-Texas-Intermediate_2.png)
Potential for further upside movement. Buy trade idea explained
Author
Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
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I am waking up to a risk-off tape across equities this morning, with Asia-Pac shares on the ropes amid continued selling in the chip sector. Japan’s Nikkei 225 is down over 5% and on track to pencil in its worst single-day loss since March, while South Korea’s KOSPI has kept its door closed in observance of a national bank holiday.
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.
