TMAD Commodities: WTI Holds $90 Amid Rotational Flows
$GLD $SLV $URA $CPER
Hello Traders,
The 'quick peace deal' we were all hoping for is starting to look like a mirage. President Trump has delayed the ceasefire again, largely because his poll numbers have hit record lows—just 33% to 38%—as voters blame him for the spike in gas prices.
He’s under massive pressure to avoid a bigger war, but the situation on the ground is getting worse. The Strait of Hormuz is still effectively closed, and there are reports of gunboats firing on ships that refuse to pay Iran’s 'tolls.' For the first time, the market is realizing this could be a much longer, more expensive fight than Trump promised.
Oil prices took a dive below $90 recently, but they hit a wall of buying interest once they got close to $80. This ‘floor’ held perfectly, and now the price is snapping back toward $97.
It looks like $80 is the line in the sand for traders—they aren’t willing to let it go any lower as long as the Strait of Hormuz is still blocked and traders keep hedging with calls as our scanner detected yesterday on USO 0.00%↑
POSITIONING UPDATE
We are seeing massive rotational flows into these ETFs:
