$CL

Oil getting hit while crypto rips — same catalyst, opposite direction.

WTI down to $79.66, -1.75% on the day and -13.5% on the week. The Iran war premium is unwinding fast, and there are two legs to it:

1️⃣ Supply risk gone — Trump confirmed the deal and ordered an end to the Hormuz naval blockade. The “tankers can’t move” premium that propped up crude is evaporating as the strait reopens.

2️⃣ More barrels coming — the draft lifts oil sanctions on Iran. That’s additional supply heading back to a market that’s now pricing peace, not war.

Technicals confirm the bleed:

• Price below EMA 7/20/40 (80.6 / 82.3 / 84.6) — full bearish stack

• Fell from the ~$92 war spike to a $77 low

• RSI deeply oversold (14: 28) — stretched, so a relief bounce wouldn’t be shocking

War premium in → war premium out. Risk-on assets win, crude loses.

NFA 📉