Фундаментальный анализ WTI

WTI oil showed some volatility, having started the week at 79.90. Market anxiety was mainly caused by concerns about China's economic development and the possibility of the US Federal Reserve raising interest rates. China's decision to cut the registration tax on stock transactions to revive a sluggish market, especially amid analysts' forecasts that the country's manufacturing PMI is likely to fall for the fifth consecutive month, lent support to the economy.
On the US side, the market continued to be influenced by comments from Fed Chairman Powell. Speaking at an economic symposium in Jackson Hole, Powell emphasized that the central bank intends to continue raising rates as needed, based on data as it becomes available. This tightening cycle, fueled by strong economic growth and a tight labor market, could limit the upside for WTI crude oil prices due to higher borrowing costs, a potential recession, and possible lower oil demand. 
WTI prices are supported by the ongoing OPEC+ production cuts. In particular, Saudi Arabia pledged to keep production at around 9 mln bpd until September, which is lower than the August level. On the other hand, sanctions against Iran and Venezuela may be eased. Iran's oil production could reach 3.4 million bpd by the end of September, and U.S. authorities are easing sanctions on Venezuela depending on Venezuela's progress toward national presidential elections. Presumably, major oil hubs remain unaffected by Tropical Cyclone Hidaria in the Caribbean.
While factors such as OPEC+ supply cuts and potential supply shortages are generally supportive, WTI prices are largely dependent on economic conditions in China and key decisions. A number of key indicators await us this week, including data on US gross domestic product, core personal consumption expenditures, and weekly jobless claims. Most notable is the non-farm payroll employment data. 
Technical Analysis and Scenarios:

The Bollinger Bands have a horizontal orientation, indicating a period of consolidation. The price is currently in the upper range of the bands, indicating that WTI is on the bullish side of its range. Given the position of the price in the upper range of the Bollinger Bands, we can speak of a bullish bias.
Main scenario (BUY)
Recommended entry level: 80.15.
Take Profit: 80.95.
Stop loss: 79.50.
Alternative scenario (SELL)
Recommended entry level: 79.00.
Take Profit: 78.00.
Stop loss: 79.50.