$BRENT OIL FALLS BACK TO PRE-CONFLICT LEVEL – REBOUND SETUP? 🔥
Entry: 72.06 🔥
Target: 80.00 🚀
Oil just gave up all its conflict gains in 11 days, dropping to $72.06 – below the pre‑war settlement. But the supply picture isn’t fixed yet. Only 57% of tankers are moving through the Strait versus pre‑war, and U.S. Cushing inventories hit 19 million barrels, well below the 1 million needed for stability. TD Securities warns a 600 million barrel global drawdown is coming by October.
That’s a setup where the sell‑off looks overdone and the floor could snap back hard. Are you watching for a bounce here or waiting for a new low?
Not financial advice. Always manage your risk.
#Brent #OilCrash #Oversold #ReboundSetup #Commodities
🔥
Entry: 72.06 🔥
Target: 80.00 🚀
Oil just gave up all its conflict gains in 11 days, dropping to $72.06 – below the pre‑war settlement. But the supply picture isn’t fixed yet. Only 57% of tankers are moving through the Strait versus pre‑war, and U.S. Cushing inventories hit 19 million barrels, well below the 1 million needed for stability. TD Securities warns a 600 million barrel global drawdown is coming by October.
That’s a setup where the sell‑off looks overdone and the floor could snap back hard. Are you watching for a bounce here or waiting for a new low?
Not financial advice. Always manage your risk.
#Brent #OilCrash #Oversold #ReboundSetup #Commodities
🔥