Oil settles $1 down as supply set to rise

Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending.

The Oil-Dollar pair fell 2.5% in the last session after gaining as much as 1.1% during the session. According to the CCI, we are in an oversold market.
WTI/USD dove 2.5% in the last session.
The CCI points to an oversold market.
Support: 72.271 | Resistance: 77.691

Canadian dollar notches biggest monthly advance this year

USD/CAD Daily Chart

The Canadian dollar held on to much of its monthly gain against its U.S. counterpart on Friday as investors expect the global economy would avoid recession and Canadian GDP data did little to alter expectations for Bank of Canada interest rate cuts.

Bitcoin holdings of publicly listed firms increased to $20B

Bitcoin holdings of publicly listed companies have increased by almost 200% in a year, from $7.2 billion to $20 billion. Bitbo data shows that 42 publicly listed companies hold 335,249 Bitcoin worth roughly $20 billion.

The last session saw the Bitcoin drop 0.3% against the Dollar. The CCI is giving a negative signal.
Support: 55252.6667 | Resistance: 65464.6667