Brent crude oil is up 2.33% today, quoted at 91.45. Over the past 7 days it has risen 9.3%, making it the biggest gainer among these three.
From 87 to 91, geopolitical risks are being priced in, and money is moving into the market. In the past 30 days, it’s up 19%—the rally has indeed been quite substantial.
Oil behaves differently: when it rises, it moves sharply, and when it falls, it also falls hard—its logic is less like gold and silver, and more event-driven. If 91 holds, the next target is 93–94. But chasing it at this level also carries considerable risk.
If you already have positions, you can keep holding; if you don’t, wait for a pullback before deciding. #bz
From 87 to 91, geopolitical risks are being priced in, and money is moving into the market. In the past 30 days, it’s up 19%—the rally has indeed been quite substantial.
Oil behaves differently: when it rises, it moves sharply, and when it falls, it also falls hard—its logic is less like gold and silver, and more event-driven. If 91 holds, the next target is 93–94. But chasing it at this level also carries considerable risk.
If you already have positions, you can keep holding; if you don’t, wait for a pullback before deciding. #bz