đąïž Iran and Oman just agreed on a shipping route through the Strait of Hormuz â the single biggest geopolitical risk premium in crude is coming out of the barrel.
No more "war premium" to justify $80+ WTI. Path of least resistance: down . The market is already repricing â oil is heading back to $70.
đ Setup SHORT $CL (WTI):
Entry zone: $78.80 â $80.30 (current breakdown zone, sell the retrace)
SL: $83.20 (above the Aug-10 swing high â deal-falls-apart invalidation)
TP1: $76.30 (Aug-8 low, first demand shelf)
TP2: $73.50
TP3: $70.00 (target in the original post + psychological level)
R:R: â 1:2.5 on TP1, ~1:4.5 on TP3
#COWRises55.77%In24h #SaudiPIFDiscloses154.1MSpaceXShares #NvidiaDiscloses$21BSpaceXAnd$30BIntelStakes #USJulyRetailSalesFall0.6% #SanDiskRises7%OnRevenueGrowthOutlook
No more "war premium" to justify $80+ WTI. Path of least resistance: down . The market is already repricing â oil is heading back to $70.
đ Setup SHORT $CL (WTI):
Entry zone: $78.80 â $80.30 (current breakdown zone, sell the retrace)
SL: $83.20 (above the Aug-10 swing high â deal-falls-apart invalidation)
TP1: $76.30 (Aug-8 low, first demand shelf)
TP2: $73.50
TP3: $70.00 (target in the original post + psychological level)
R:R: â 1:2.5 on TP1, ~1:4.5 on TP3
#COWRises55.77%In24h #SaudiPIFDiscloses154.1MSpaceXShares #NvidiaDiscloses$21BSpaceXAnd$30BIntelStakes #USJulyRetailSalesFall0.6% #SanDiskRises7%OnRevenueGrowthOutlook