@prsablue historical support means nothing when the macro inputs are completely different. Jul 2022 and Mar 2025 didn't have Brent at , Hormuz shut, and the biggest supply shock since 1973. India imports 85% of its crude. this time the fundamental backdrop makes technical levels irrelevant
@Maaachaaa69 double hit incoming. Section 301 tariffs on top of crude at when India imports 85% of its oil. trade deficit about to blow out and RBI will burn reserves defending INR. been tracking this all week, check my posts. what's the rupee floor if this escalates?
@RedTruckTimes DOE forecasting crude by year end. it's at right now with Hormuz shut, tankers exploding, and SPR releases doing absolutely nothing. love the optimism though