#Oil Update

Oil has broken cleanly above the 67–70 macro resistance and cleared 71.6 with strong momentum, confirming a structural shift. That zone now acts as support.

Technically, price is pressing into the long term descending trendline, signaling potential expansion toward 80 next. A sustained move above 80 opens the path toward 90+.

Fundamentally, rising geopolitical tensions are adding a risk premium to crude. Oil markets price future supply risk quickly, and that adds fuel to breakouts like this.

As long as price holds above 70, the bias remains bullish. Lose it, and the move risks fading back toward the mid 60s.

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Geopolitical tension is starting to show up across markets.

Oil futures have jumped roughly 7%, while gold and silver are rallying as capital rotates into traditional safe havens. U.S. equity futures are slightly negative, though losses remain relatively contained at under 1%, suggesting caution rather than full risk-off panic.

Meanwhile, $BTC is holding steady, not showing the kind of sharp reaction many might expect during this type of macro stress.

It’s a classic geopolitical market setup. Energy and metals are being bid, equities are cautious, and crypto is watching from the sidelines for now.

𝙿𝚘𝚠𝚎𝚛𝚎𝚍 𝚋𝚢 — 🥳@Coach ☑️