CL crude oil, although temporarily rising above $100 due to geopolitical conflicts, shows very clear short- to medium-term bearish signals!


The Federal Reserve's high interest rate environment continues to suppress demand, the global economic recovery is weak, manufacturing in China and Europe is sluggish, and oil consumption growth has significantly slowed down.
More importantly, non-OPEC countries (the United States, Brazil, Guyana) are continuously increasing their production, and by 2026, global oil supply will be greatly oversupplied, with inventories constantly accumulating.
Many institutions predict that Brent crude oil's average price in 2026 will fall to the $55-65 range.
Accelerated renewable energy substitution also increases the pressure of long-term demand peaking.
Trading suggestion: Consider gradually shorting at high levels, focus on the $100-105 resistance zone, and a break below $95 will accelerate the decline.
The crude oil bear market may have quietly begun; be cautious about chasing highs!
CL0.41%
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