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  • Heads Up:🇺🇸 Fed Press Conference due at 18:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-22
  • So no date on taper, which is bullish but now an expected hike in 22, which takes some of the shine off of today's punt https://t.co/OM6dGbgiRM
  • I'll also note that in 2022, the four Fed officials that are expected to rotate in to the board with a vote are notable hawks. https://t.co/kRMmmA5Id8
  • #FOMC: If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted $USD $SPX $XAUUSD #trading
  • Federal Reserve: - We will keep Fed Funds Rate where it is until labor market has reached full employment and inflation has reached 2% - Indicators of economic activity and employment have continued to strengthen
  • #FOMC Projections .. Bumped up Inflation expectations and softened employment expectations (higher #unemployment) . . #Fed https://t.co/jBR44AUn5m
  • Here is the Change in the #FOMC dot plot from June 16th to today. There are 9 participants forecasting at least one rate hike in 2022 and 9 that expect to hold. They've also added the 2024 forecast, separated from the 'Long Run'. https://t.co/QIkZTBK5SG
  • #FOMC Side-by-Side Interest rate Dot Plot September vs June #FED . . https://t.co/F1045CHHVP
  • $ES bouncing on the statement, about 20 handles of range so far https://t.co/udO0dyOag1 https://t.co/Ulf74SRRXI
  • Federal Reserve: - Economy has made progress toward tapering threshold - Raised individual counterparty reverse repo limit to $160 billion from $80 billion
Crude Spikes Higher; Closes Unchanged

Crude Spikes Higher; Closes Unchanged

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_oil_body_Picture_2.png, Crude Spikes Higher; Closes Unchanged

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Today’s sharp intraday reversal may cap the recent bull move. Exceeding 105.19 would negate the bear case.

-A drop below 102.90 would put crude on the path towards 101.50.

LEVELS: 99.89 101.61 102.90 | 105.19 106.38 107.58

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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