Oil: Range-bound prices hold near $90 – TD Securities

💡 DMK Insight

Oil prices hovering above $90 are a signal for traders to reassess their strategies. With Brent crude stabilizing in the $90–100 range since the ceasefire, this could indicate a shift in market sentiment. Traders should consider the implications of geopolitical stability on supply chains and demand forecasts. If prices break above $100, we might see a surge in speculative buying, while a drop below $90 could trigger profit-taking or bearish positions. Keep an eye on inventory reports and OPEC’s next moves, as these will be crucial in shaping the market’s direction. The flip side is that while prices seem stable now, any sudden geopolitical tensions could lead to volatility. So, monitor the news closely and be ready to adjust your positions accordingly.