๐ข๏ธ #BZ: BRENT NEARS $120. HOUTHIS, SAUDI RISK AND THE FED ARE THE KEY WILD CARDS! ๐ข๏ธ
Brent closed at $111.70 on Oct 23, up about 84% year to date and well above its 50-day (~$100.7) and 200-day (~$91) averages. It pushed toward $120 as Saudi-Houthi tensions fueled another weekly rally.
๐ Why is oil strong? โข Houthi attacks threaten Saudi energy infrastructure. โข Higher oil reinforces Fed tightening expectations, pressuring gold and crypto. Fed meets Oct 27-28.
๐ Key levels (sources differ by $110โ117 depending on contract) โข Support: ~$105, then ~$100 (50-day MA zone) โข Resistance: ~$118 (52-week closing high), then $120 (psychological)
๐ฏ My scenarios ๐ข Escalation, supply disruption โ break $118, test $120+ ๐ก Risks unchanged โ range between $105 and $118 ๐ด De-escalation or hawkish Fed hits demand โ pullback to $100โ$105
๐ก Oil is moving on geopolitical headlines. No all-in, size small, use a stop, and avoid high leverage.
๐ฅ #XAU BREAKS BELOW $4,000: OIL AND THE FED ARE SQUEEZING GOLD ๐ฅ
Gold slipped to around $3,995 in early Asian trade Monday as higher oil prices reinforced Fed rate-hike expectations. It touched $3,986, the lowest level since July, far below the all-time high of $5,602 set on Jan 29, 2026.
๐ Why is gold weak? โข WTI crude hit a five-month high after Houthi attacks in Saudi Arabia, reviving inflation and tightening fears. โข Fed meeting on Oct 27-28 keeps traders cautious. โข Technically, gold stays negative below the 100-day SMA.
๐ Key levels โข Support: $3,986, then ~$3,886 (52-week low) โข Resistance: $4,000, then $4,050โ$4,100 (my estimate)
๐ฏ My scenarios ๐ด Hawkish Fed + higher oil โ break below $3,986, test ~$3,890 ๐ก No surprises โ chop between $3,950 and $4,050 ๐ข Softer Fed or safe-haven flows โ reclaim $4,000, aim for $4,050โ$4,100
๐ก No chasing before the Fed. Wait for a candle close beyond the levels, size small, use a stop.
๐จ $BTC AT $80K: FED WEEK DECIDES THE NEXT MOVE ๐จ
BTC slipped under $80,000 early Monday and is stalling near that level in a tightening sideways range. It dipped to $79,146 on $810M in liquidations and ETF outflows, with the Fed meeting on Oct 27-28.
$CHIP Short now - Price hit the level I marked. Trade Plan: Entry: 0.03641 - 0.03680 TP1: 0.03523 TP2: 0.03431 TP3: 0.03293 SL: 0.03844 CHIP finally walked into the zone I was waiting for. My call. Your choice. Trade here ๐
Anthropic accuses Chinese wizards (specifically DeepSeek, Moonshot & Minimax) of "distilling" Claude's models to train their own models. Particularly MiniMax (it's no surprise that MiniMax models resemble Claude the most when used in Claude Code). Musk & X retaliate: they also siphon data from others, so there's nothing noble about it!
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