US strikes Iran after Trump threats over Red Sea ships
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Source post
US strikes Iran after Trump threats over Red Sea ships Confirmation: XLE/XOP held up | USO/BNO held up Price: CL1 -2.6% $89.85 | Brent -2.7% $97.94 Know if the move is real ->
Follow-up context
Know if the move is real ->
Crude is weaker than the rest of the oil complex so far, which argues for caution before treating the headline as a broad washout.
More notes in the system
Saturday Research
Latest resolved crude calls went 0/2 right. Main miss was CL1 1d. CL1 1d MISS | Bearish 9% | +1.2% CL1 5d OPEN | Bearish 0% | n/a Get the deeper structure read ->
Saturday Research
Latest resolved crude calls went 1/2 right. Main miss was CL1 1d. CL1 1d MISS | Bullish 58% | -1.2% CL1 5d OPEN | Bearish 0% | n/a Get the deeper structure read ->
CL1 -3.1% on the latest session.
CL1 -3.1% on the latest session to $77.72. Same-session ETFs: USO +0.0% | BNO +0.0% Same-session equities: XLE +0.0% | XOP +0.0% What this means: Futures moved first; now flows, inventories, and oil beta need to confirm it.