#WTICrudeTouches$85 — The Geopolitical Yo-Yo in Full Effect
WTI crude touched $85 on July 29 after Trump declared the US would "strike back" against Iran. $BZ surged 7.5% intraday as Brent cleared $87. The relief rally from the weekend ceasefire pause evaporated in hours.
The pattern: ceasefire hope → WTI drops to $80 → Trump threatens → WTI back to $85 → US-Israel reportedly planning energy target strikes → WTI at $86. Repeat.
Gold reacted in lockstep inverse: $XAU slipped below $4,020 as oil surged, the safe-haven bid rotating back into energy.
What's next: WTI closed July at $84.81 — up ~20% for the month. The Hormuz shipping corridor is still contested. Coinbase listing WTI/Brent perps on August 3. Diesel prices up 27% in July alone, feeding into Q3 inflation. Every dip below $80 has been bought. Every spike above $87 has been sold. The range is tightening.
The market is pricing a coin flip between peace and escalation. The next Hormuz headline decides.
Not financial advice. Oil is the master variable. DYOR. $CL
#USAndJapanJointlyInterveneToBuyYen #GoldRetreats #USQ2GDPGrows1.5% #KospiSurgesAsMuchAs17%RecordGain
WTI crude touched $85 on July 29 after Trump declared the US would "strike back" against Iran. $BZ surged 7.5% intraday as Brent cleared $87. The relief rally from the weekend ceasefire pause evaporated in hours.
The pattern: ceasefire hope → WTI drops to $80 → Trump threatens → WTI back to $85 → US-Israel reportedly planning energy target strikes → WTI at $86. Repeat.
Gold reacted in lockstep inverse: $XAU slipped below $4,020 as oil surged, the safe-haven bid rotating back into energy.
What's next: WTI closed July at $84.81 — up ~20% for the month. The Hormuz shipping corridor is still contested. Coinbase listing WTI/Brent perps on August 3. Diesel prices up 27% in July alone, feeding into Q3 inflation. Every dip below $80 has been bought. Every spike above $87 has been sold. The range is tightening.
The market is pricing a coin flip between peace and escalation. The next Hormuz headline decides.
Not financial advice. Oil is the master variable. DYOR. $CL
#USAndJapanJointlyInterveneToBuyYen #GoldRetreats #USQ2GDPGrows1.5% #KospiSurgesAsMuchAs17%RecordGain