đ¨Brent crude surges past $117! Itâs not an oil shortageâthe âlifelineâ is being squeezed!
âDemand hasnât gone through the roof; geopolitics is doing all the work to force valuations higher!â
Guys, Brent crude has surged past $117 a barrel!
First, an oil tanker was bombed in the Strait of Hormuz, and the U.S. is still threatening to strike Iran, so supplies could be cut off at any moment.
Second, global inventories are running dry, leaving no cushion at all. Todayâs high oil prices are also locking the Fed out of cutting rates.
Bulls arenât betting on demandâtheyâre paying a war-risk premium for âsafe passage through the straitâ! Ahead of the midterms, any hint of trouble could send oil prices swinging wildly.
Thereâs something fishy in the flows! Over shorter time frames (5mâ1h), big players are exiting, but over 4h to 12h, large orders are quietly flowing inâa classic divergence between short-term outflows and long-term inflows. Middle East risks are supporting the long-term outlook, while macro pressures are weighing on the short term.
My personal take: this is most likely a shakeout designed to bait bears! Big money is accumulating at low prices, so retail traders shouldnât get scared out of the market.
The trading plan is simple: for shorts, wait for a rebound to stall at 104, then short lightly, targeting 102.
For longs, wait for a pullback to 101.5â102 to hold before entering; use a hard stop-loss at 99.88.
Can this explosive rally still be chased? Want to know when itâll peak?
âDemand hasnât gone through the roof; geopolitics is doing all the work to force valuations higher!â
Guys, Brent crude has surged past $117 a barrel!
First, an oil tanker was bombed in the Strait of Hormuz, and the U.S. is still threatening to strike Iran, so supplies could be cut off at any moment.
Second, global inventories are running dry, leaving no cushion at all. Todayâs high oil prices are also locking the Fed out of cutting rates.
Bulls arenât betting on demandâtheyâre paying a war-risk premium for âsafe passage through the straitâ! Ahead of the midterms, any hint of trouble could send oil prices swinging wildly.
Thereâs something fishy in the flows! Over shorter time frames (5mâ1h), big players are exiting, but over 4h to 12h, large orders are quietly flowing inâa classic divergence between short-term outflows and long-term inflows. Middle East risks are supporting the long-term outlook, while macro pressures are weighing on the short term.
My personal take: this is most likely a shakeout designed to bait bears! Big money is accumulating at low prices, so retail traders shouldnât get scared out of the market.
The trading plan is simple: for shorts, wait for a rebound to stall at 104, then short lightly, targeting 102.
For longs, wait for a pullback to 101.5â102 to hold before entering; use a hard stop-loss at 99.88.
Can this explosive rally still be chased? Want to know when itâll peak?
