According to Mihir (@RhythmicAnalyst), crude oil is approaching a breakout level after a strong rebound from the S2 support. If the upward momentum continues, it is expected to be inflationary, which could result in higher input costs across global markets. This inflationary pressure typically impacts financial markets, including cryptocurrencies like BTC and ETH, with a time lag as older inventories are replaced by higher-priced oil. Traders should monitor crude oil price movements closely, as rising energy costs often correlate with increased volatility and risk-off sentiment in both traditional and crypto markets. Source: Mihir (@RhythmicAnalyst) on Twitter, June 23, 2025.

According to The Kobeissi Letter, President Trump instructed all individuals to evacuate Tehran immediately, causing oil prices to rise by only 1.5% (source: The Kobeissi Letter, June 16, 2025). Despite the geopolitical tension, oil markets appear to be pricing in only a short-term conflict. For traders, the limited price reaction suggests that market participants expect no significant disruption to global oil supply chains. Crypto traders should watch for potential volatility spillover into Bitcoin (BTC) and Ethereum (ETH) markets, as oil price movements often influence risk sentiment and capital flows across commodities and cryptocurrencies.

According to The Kobeissi Letter on Twitter, the commodities market is currently experiencing greater volatility than equities, making it one of the most tradable environments for active traders. This heightened price action provides increased opportunities for short-term trading strategies, with commodity futures and related derivatives showing significant moves recently (Source: @KobeissiLetter, May 5, 2025). Traders should monitor volatility levels and utilize advanced risk management tools to capitalize on these price swings, as suggested by the ongoing premium analysis alerts shared by The Kobeissi Letter.

According to Mihir (@RhythmicAnalyst), crude oil experienced a significant technical breakdown from over two years of consolidation near the $70 level as of January 7th. The price hit the S2 support level last month and is currently retesting that zone, signaling continued volatility for traders. The next major support, S3, is identified at $47.15. These levels serve as critical points for trading decisions, with the potential for further downside if S2 fails to hold. Source: Mihir (@RhythmicAnalyst) on Twitter, May 2, 2025.

According to The Kobeissi Letter, premium members who initiated short positions in oil near $65.00 earlier this month are now seeing significant gains as oil prices have dropped to $59.00. The Kobeissi Letter highlights that commodities markets have been pricing in recession risks for several months, which has led to downward pressure on oil and related assets (source: The Kobeissi Letter on Twitter, April 30, 2025). This trend reinforces bearish trading strategies on oil and suggests ongoing volatility for traders monitoring recession-driven market movements.

According to Crypto Rover, Canada has imposed a 25% tariff on $30 billion worth of goods imported from the United States. This development is likely to impact trading strategies involving the Canadian and U.S. markets, as it may affect the prices and availability of certain goods, potentially influencing both the forex market and commodities trading. Traders should stay informed about further announcements and analyze how these tariffs could affect market dynamics and trading opportunities.

According to The Kobeissi Letter, their premium members successfully anticipated the drop in oil prices by taking short positions on January 10th. They reported taking profits and re-entering shorts at $72.50, which have now realized a 3.5% gain. This suggests that commodities, including oil, remain highly tradable in the current market, offering lucrative opportunities for investors who can anticipate market movements.