WTI Breaks $87 as Dollar Weakens: Navigating Overbought Setups

A heavy liquidity injection took center stage after the U.S. Treasury announced an expansion of its long-dated debt buybacks, pushing Treasury yields down and weakening the U.S. Dollar [1][2][3]. The greenback's retreat provided strong fuel for currencies like the euro, which marched toward $1.17 [4], and sparked massive upside across precious metals and cryptocurrencies [5][6]. However, the broader equity market is struggling to find a unified direction [7][8]. Disappointing domestic sales growth from Walmart [9][10] and sharp supplier reshuffling in semiconductors [11][12]have tempered equity appetite despite a blowout Philly Fed manufacturing print of 47.4.…