US President Biden's schedule for 15 July 2022 includes:
“The President and his team will participate in a working session with Crown Prince Mohammed bin Salman and Saudi Ministers”
- begins at 1545 GMT (1045 NY time)
Biden is seeking more oil. I suspect we get a buy the fact tendency (i.e. buy oil) on headlines crossing following the meeting.
Check out that final candle on the daily chart below. I believe the candlestick folks would call this a DragonFly Doji (correct me if I'm incorrect) and in their very careful way, say that it may signal a trend reversal. In this case a rise in price.
