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May Crude Oil Update: What a difference a day makes!Yesterday morning at this time, May Crude was circling 87.00. Fast-forward 24 hours, we see May Crude circling 94.50 (+8.6%), and pushing up toward a challenge of the dominant resistance line off the March 8th post-war high at 118.00 that cuts across the price axis in the vicinity of 96.50 as we speak. If the resistance line is hurdled and sustained, May Crude will point to a full-fledged retest of the multiple price highs this past weekd in and around 100-101.65, which, if taken out, will trigger upside potential to 110-112 in and orderly market.
Bitcoin: 2026 Roadmap updateFor the past few weeks since the February low, the focus of these articles ,regarding the lower timeframe patterns, has been the prospect of breaking out of the multi-week consolidation and retaking the $74k level.In this past week, price briefly broke out of the consolidation, clearing $74k~, reaching an intraday high of $76k on Monday night.
Most everyone seems to believe that the spike we got in the markets at the beginning of the week was because we were going to negotiate a deal with Iran to bring the war to an end.Today, Iran rejected the proposal we put on the table. So, why is the market still green . . and almost by 1%??????IT is these inconsistencies in these mechanical paradigm views of markets that should make you question your beliefs as to what drives markets.
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