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On September 6th, local time, on September 5th, Venezuelan President Nicolas Maduro issued a statement calling on US President Donald Trump to abandon his plans for violence in Venezuela and warning that recent US military actions in the Caribbean pose a direct threat to regional stability. In his statement, Maduro condemned the US government for using the fight against drug trafficking as a pretext to promote regime change in Venezuela. He said the US is attempting to "use the drug problem to fabricate a completely false pretext to invade the entire country." Maduro emphasized that Venezuela, a country without coca cultivation or cocaine production, continues to combat drug trafficking networks. He reiterated that Venezuela respects the United States and hopes to receive respect in return.On September 6, according to Indian Asian News International (ANI) and other media reports, US President Trump said at the White House on September 5 local time on US-India relations, "I am always a friend of Modi" and "there is no need to worry" about the relationship between the two countries. Earlier, some US media broke the news that Trump might cancel his visit to India in the fall due to the cooling of relations with Indian Prime Minister Modi. ANI said that when asked by the media reporter whether he was ready to restart relations with India, Trump said, "I always want to do so. I am always a friend of Modi. He is an outstanding prime minister. I just dont like what he is doing at the moment, but I will always remain friends. But India and the United States have a very special relationship. There is no need to worry. We just have some small episodes occasionally."On September 6, Yueda Kias sales in August 2025 reached 20,974 vehicles, with monthly sales exceeding 20,000 vehicles for six consecutive months; the cumulative sales from January to August were 165,036 vehicles, a year-on-year increase of 7%; 20,000 vehicles were produced in August, and the cumulative production from January to August was 163,270 vehicles, a year-on-year increase of 9.5%; at the same time, 11,992 engines were exported in August, and the cumulative exports from January to August were 83,719 units. Production and sales continued to show a steady growth trend.On September 6th, Shenzhen Xiangfei Automobile Sales Co., Ltd., a restructuring investor in WM Motor, released a "White Paper to Suppliers" via WM Motors official Weibo account, announcing the companys five-year development plan for the new WM Motor. The company plans to launch more than 10 new products over the next five years to meet the diverse needs of the global market. Xiangfei stated that it is fully committed to quickly resuming mass production of the WM Motor EX5 and E5 models at its Wenzhou base, aiming for a minimum of 10,000 units by the end of 2025, with a goal of 20,000, generating "projected revenue of 1-2 billion yuan." According to the white paper, Xiangfei plans to initially invest 1 billion yuan in equipment upgrades, supply chain recovery, and product development.On September 6, Xiaopeng Motors: Xiaopeng Charging added 39 self-operated stations in the 35th week of 2025, including 1 S5 super-fast charging station, 34 S4 super-fast charging stations, 2 super-charging stations, and 2 destination stations.

WTI Price Analysis: Divergence in Action, More Downside Below $92

Alina Haynes

Aug 26, 2022 15:04

 截屏2022-06-07 下午5.19.11.png

 

West Texas Intermediate (WTI) futures on NYMEX posted a three-day low of $92.16 in the Asian session. The asset has risen since Friday's opening bell, but bearish pressure remains strong after a juggernaut rally.

 

The recent rally has peaked, and a correction is underway. On an hourly basis, the asset made higher highs with a fall in purchasing interest, although RSI (14) formed lower highs. This reduces upside momentum since investors view the asset as costly.

 

A bear cross at $93.73 between the 20- and 50-period EMAs suggests a sharp correction.

 

Should the asset drop below $92.00, bears will strengthen and take it to August 22's high of $90.98, then August 17's high of $88.65.

 

If the asset surpasses $95.10, bulls could regain control. A repeat will push the asset to July 26's high of $98.4 and psychological resistance at $100.00.