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Boring weekend consolidation period #WTI oil price remains in the 76-78 range As long as the US and Iran don't escalate over the weekend, it's OK. Then the news: "Negotiations are underway to adjust the new shipping route through the Strait of Hormuz" The outlook is still optimistic, so let's speed up the negotiations. Hopefully, we can see specific navigation conditions in the Strait of Hormuz next week. $CL If the oil price meeting further declines then, my expected closing price is below 72, hoping to see that next week If geopolitical tensions continue to cool down, and oil prices further dip below 75, it will also boost the US stock market and Bitcoin, especially for those still holding $SPCX. Let's see if it can surge again at the weekday open. I really didn't expect it to close around 134 on Friday. Although I know #SPCX soaring very high (like close to 150 or even higher) is unrealistic, I still hope it can go as high as possible Also, next week there is the July CPI data, which I personally estimate might be good data, meaning inflation will continue to weaken. Whether the new navigation through the Strait of Hormuz is confirmed or the July CPI data looks good, although it doesn't necessarily mean a reversal for risk markets, at least the macro environment is developing in a positive direction This continues to dampen rate hike expectations and raises the possibility of rate cuts Looking forward to next week. Have a great weekend, friends. DYOR