#OilHoldsLosses
đ˘ď¸ Oil Is Still Under Pressure
Oil is trying to stabilize, but the market is still watching every move closely.
Brent: ~$91â92
WTI: ~$84â85
After falling more than 2% on Monday, oil extended losses today as traders weighed the impact of new U.S. sanctions on Iran.
What caught my attention is that traders are not pricing in a major immediate supply shock. Still, the Strait of Hormuz remains a big risk for global oil flows.
So for now, Iâm watching $90 on Brent and $84 on #WTI very closely.
If these levels hold, we could see buyers step back in. If they break, another downside move could follow.
OIL is quiet but the risk isnât.
What do you think bounce or more downside?
#ZECBreaksKeyResistanceUp75.5%
đ˘ď¸ Oil Is Still Under Pressure
Oil is trying to stabilize, but the market is still watching every move closely.
Brent: ~$91â92
WTI: ~$84â85
After falling more than 2% on Monday, oil extended losses today as traders weighed the impact of new U.S. sanctions on Iran.
What caught my attention is that traders are not pricing in a major immediate supply shock. Still, the Strait of Hormuz remains a big risk for global oil flows.
So for now, Iâm watching $90 on Brent and $84 on #WTI very closely.
If these levels hold, we could see buyers step back in. If they break, another downside move could follow.
OIL is quiet but the risk isnât.
What do you think bounce or more downside?
#ZECBreaksKeyResistanceUp75.5%
