Hot PPI just lit the fuse. Wholesale prices jumped 1.3% m/m (vs 0.6%) and core 0.7% (vs 0.3%), the biggest monthly PPI pop since 2022, while retail sales printed 0.8% (vs 0.3%). Oil is the inflation culprit, and $CL refused the dip: post-print low 93.61, then ripped to 95.49. Spot now 95.26.
Oil is the trade of the season. đąïž
đĄ SIGNAL: $CL LONG (desk holding from 89.50)
Stop: 92.20
Targets: 100 / 106 / 115
(Projections, not promises.)
Why we're still in it: energy drove the PPI beat and geopolitics keeps a floor under barrels. First target is the round 100 break, then 106, then 115 as the stretch.
đïž Next catalysts
Today 10:00 AM CT: EIA crude inventories (forecast +0.2M build vs â3.2M last)
Tonight: Fed Chair Warsh speaks
10/20: Nov WTI expiry
10/28: Fed
11/1: OPEC+
11/3: midterms
Plan your trade.đ
Trade your plan đ
$CL
Follow for free signals đ
Oil is the trade of the season. đąïž
đĄ SIGNAL: $CL LONG (desk holding from 89.50)
Stop: 92.20
Targets: 100 / 106 / 115
(Projections, not promises.)
Why we're still in it: energy drove the PPI beat and geopolitics keeps a floor under barrels. First target is the round 100 break, then 106, then 115 as the stretch.
đïž Next catalysts
Today 10:00 AM CT: EIA crude inventories (forecast +0.2M build vs â3.2M last)
Tonight: Fed Chair Warsh speaks
10/20: Nov WTI expiry
10/28: Fed
11/1: OPEC+
11/3: midterms
Plan your trade.đ
Trade your plan đ
$CL
Follow for free signals đ