BRENT CRUDE IS TRAPPED BETWEEN RECORD LOW INVENTORIES AND WEAK DEMAND ๐ข๏ธ
Entry: 73.60 ๐ฅ
Target: 85.00 ๐
Stop Loss: 70.00 โ ๏ธ
The setup in oil is becoming increasingly volatile. While geopolitical tensions have cooled, US Cushing inventories have crashed to 19 million barrels, the lowest level seen since 2014. This creates a massive supply-side vulnerability that the current price action is ignoring.
We have a clear divergence between falling Chinese demand and a physical market that is running on fumes. If the supply reality starts to outweigh the demand concerns, we could see a rapid flip in sentiment. Do you think the supply crunch will force a reversal back to 85?
Not financial advice. Always manage your risk.
#Brent #Oil #Commodities #TradingSetup #MarketAnalysis
๐ฏ
Entry: 73.60 ๐ฅ
Target: 85.00 ๐
Stop Loss: 70.00 โ ๏ธ
The setup in oil is becoming increasingly volatile. While geopolitical tensions have cooled, US Cushing inventories have crashed to 19 million barrels, the lowest level seen since 2014. This creates a massive supply-side vulnerability that the current price action is ignoring.
We have a clear divergence between falling Chinese demand and a physical market that is running on fumes. If the supply reality starts to outweigh the demand concerns, we could see a rapid flip in sentiment. Do you think the supply crunch will force a reversal back to 85?
Not financial advice. Always manage your risk.
#Brent #Oil #Commodities #TradingSetup #MarketAnalysis
๐ฏ