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.
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 and oil traded flat. BOJ's Masu signaled further rate hikes, while Trump proposed $5,000 checks. Germany moved to end crypto taxβ¦
Construction has surged at a suspected Iranian nuclear site built into a granite mountain, while the US works on a next-generation bunker penetrator.
US stocks dropped for a third straight session on Wednesday, pressured by rising Treasury yields and higher oil prices.
Top Trump aides have privately warned the Iran war may continue past the president's term, contradicting his public timeline, per WSJ.
The 10-year Treasury yield climbed above 4.8%, stocks fell a third day, oil topped $100, and the $6B buyback failed to calm markets.
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.
US stocks fell for a third day as oil above $100 and rising yields hurt sentiment.
Trump stated oil prices will decline post-midterms and gasoline will fall below $2, despite Labor Day weekend prices above $4.
European shares fell as Brent crude topped $100 a barrel, with inflation fears and Middle East tensions weighing on markets.
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.