There’s a lot packed into Trump’s statement. He directly said Ukraine needs a new president, and even blamed Zelensky for diesel price hikes, saying he bombed refineries…
$CL is currently at 91.26, up just 0.26% in 24 hours. The market hasn’t even reacted yet. But if this talk really moves toward “a change of leadership + stopping the attacks,” expectations for a recovery in Russian refining capacity would rise, diesel crack spreads would ease, and upward pressure on crude in the short term would increase noticeably. Conversely, if Zelensky really is restrained and the attacks stop, expectations for Russian oil exports would improve, and there’s a good chance $CL gets pushed lower from here.
$XAU is at 4196.1, basically flat, up 0.01%. For now, no one is buying the geopolitical safe-haven trade, which suggests the market is still waiting and watching—it hasn’t reached the point of pricing in panic.
My take: $CL is leaning bearish in the short term, and 91 looks like a level it won’t hold; $XAU won’t have a clear direction until the news comes through, so there’s no point chasing it now.
This story is worth following— the next 48 hours are a key window 🔥
#Gold
$CL is currently at 91.26, up just 0.26% in 24 hours. The market hasn’t even reacted yet. But if this talk really moves toward “a change of leadership + stopping the attacks,” expectations for a recovery in Russian refining capacity would rise, diesel crack spreads would ease, and upward pressure on crude in the short term would increase noticeably. Conversely, if Zelensky really is restrained and the attacks stop, expectations for Russian oil exports would improve, and there’s a good chance $CL gets pushed lower from here.
$XAU is at 4196.1, basically flat, up 0.01%. For now, no one is buying the geopolitical safe-haven trade, which suggests the market is still waiting and watching—it hasn’t reached the point of pricing in panic.
My take: $CL is leaning bearish in the short term, and 91 looks like a level it won’t hold; $XAU won’t have a clear direction until the news comes through, so there’s no point chasing it now.
This story is worth following— the next 48 hours are a key window 🔥
#Gold