🛢️ Oil Recap XTIUSD


U.S. crude inventories fell by 2.4M barrels final week (vs -1.9M anticipated), often a bullish signal for costs.
But, WTI nonetheless dropped ~2%, weighed down by tariff headlines and issues about Russian provide.

On the chart, we’re watching a breakout that pale into a possible Head & Shoulders.
Key helps sit at 64.60 / 64.00, with deeper ranges at 63.80–63.00 if promoting strain extends.

What’s your take — is that this only a pullback earlier than one other leg larger, or the beginning of a deeper correction?

submitted by /u/LMtrades
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