Contrarian trader targets crude oil short near $100 level
A contrarian short trade plan for crude oil targets the $100 liquidity zone with multiple entry levels and defined targets.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
A contrarian short trade plan for crude oil targets the $100 liquidity zone with multiple entry levels and defined targets.
Rising oil prices due to the Iran conflict are driving long-term bond yields higher, overshadowing other influences.
Gold held near $4,400 as traders awaited US inflation data that could clarify the Fed's rate path.
Construction has surged at a suspected Iranian nuclear site built into a granite mountain, while the US works on a next-generation bunker penetrator.
Top Trump aides have privately warned the Iran war may continue past the president's term, contradicting his public timeline, per WSJ.
HSBC raises 2026-2027 Brent forecasts, citing tighter market as Strait of Hormuz flows remain impaired.
Trump says oil prices will not drop until after November midterms; Brent crude hits a May high at $103.
Brent crude returned above $100 as President Trump acknowledged oil price relief may take longer, while US stocks and bonds fell on inflation concerns.
Gold oscillates between support at the 100-day moving average and resistance at converged hourly averages, awaiting a catalyst to break the range.
Trump stated oil prices will decline post-midterms and gasoline will fall below $2, despite Labor Day weekend prices above $4.
Crude oil futures rose sharply as Middle East tensions escalated, with Brent above $100 and WTI approaching early-June highs.
Brent crude has breached $100, and WTI has cleared key resistance, highlighting inflationary risks and political challenges.
Brent crude rose above $100, European stocks fell, and bond yields stayed elevated amid guarded sentiment.
Peter Schiff touts nickels over Treasuries based on melt value, but melting is illegal and storage is impractical.
Conditional gold long entry in 4,417-4,428 zone if price sweeps below 4,431, with targets at 4,437.6, 4,478.8 and 4,513.0.