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Growing Bulls
Brent crude spiked to 112.50 and gave the whole move back within a day. It's sitting at 100 now, right where the run started.
That wick is the tell. Panic buying on a headline, no follow through, and every bounce since has been sold into the falling MAs.
Oil matters for crypto because it feeds straight into inflation expectations, and that feeds into rate cut odds. A calm oil price takes one pressure off risk assets.
Under 100, I'd expect 95.87 next $BZ
#SaudiOilPipelineClosed
