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IWM Oil Bitcoin September 17 Update

IWM Oil Bitcoin September 17 Update, The chart to keep an eye on is the IWM ETF, which tracks the Russell 2000 index and it is the first chart. . It's crucial for the price to remain above the two key moving average lines to maintain a bullish outlook. In a significant development this week, crude oil prices surged past the $90 per barrel mark for the first time since the immediate aftermath of Russia's incursion into Ukraine. While the long-term trajectory suggests a potential upward movement in oil prices, the immediate outlook remains uncertain. Institutional traders have been rapidly augmenting their short positions in crude oil futures, indicating potential volatility. Although the aggregate positioning has yet to reach levels indicative of a significant market top, the pace at which these positions are accumulating is noteworthy.

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