โก WTI SHORTS ARE GETTING SQUEEZED AGAIN!
๐ข #CL Liquidated Short: $50.6K at $91.41
A fresh $50.6K short liquidation at $91.41 shows leveraged bears are being forced out as WTI pushes back above the $91 handle.
๐ WHY THE MOVE MATTERS:
Oil is getting support from heightened Middle East shipping risks, including attacks around the Gulf and Strait of Hormuz. U.S. crude inventories also dropped 3.2M barrels, beating expectations.
๐ MY NEXT-MOVE READ:
๐ข Hold $90.50โ$91.00 โ buyers could challenge $92.00โ$93.00.
๐ Break $93 with volume โ potential extension toward $95+.
๐ป Lose $90 โ the squeeze could unwind, exposing $88.50โ$89.00.
๐ฏ BIAS: BULLISH WHILE ABOVE $90
Support: $90.00โ$90.50
Resistance: $92 โ $93
Upside zone: $95+
Bearish trigger: Below $90
๐ฅ Bottom line: Another batch of shorts has been wiped out, but the real confirmation comes from price. If CL converts $92 into support, momentum could accelerate sharply.
Market commentary only โ manage leverage and risk carefully. Not financial advice.
#FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #SP500AndNasdaqHitRecordHighs #EvernorthDelaysNasdaqDebutToOct12 #BinanceLaunchesBinanceIntelligence
๐ข #CL Liquidated Short: $50.6K at $91.41
A fresh $50.6K short liquidation at $91.41 shows leveraged bears are being forced out as WTI pushes back above the $91 handle.
๐ WHY THE MOVE MATTERS:
Oil is getting support from heightened Middle East shipping risks, including attacks around the Gulf and Strait of Hormuz. U.S. crude inventories also dropped 3.2M barrels, beating expectations.
๐ MY NEXT-MOVE READ:
๐ข Hold $90.50โ$91.00 โ buyers could challenge $92.00โ$93.00.
๐ Break $93 with volume โ potential extension toward $95+.
๐ป Lose $90 โ the squeeze could unwind, exposing $88.50โ$89.00.
๐ฏ BIAS: BULLISH WHILE ABOVE $90
Support: $90.00โ$90.50
Resistance: $92 โ $93
Upside zone: $95+
Bearish trigger: Below $90
๐ฅ Bottom line: Another batch of shorts has been wiped out, but the real confirmation comes from price. If CL converts $92 into support, momentum could accelerate sharply.
Market commentary only โ manage leverage and risk carefully. Not financial advice.
#FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #SP500AndNasdaqHitRecordHighs #EvernorthDelaysNasdaqDebutToOct12 #BinanceLaunchesBinanceIntelligence