Kepler Drops a Curveball $68.50-$68 Before trend resumesSentiment
Some negative sentiment is weighing on WTI through Asia and early London. Kpler’s call that China’s gasoil demand could peak in 2026 has been taken as bearish, and headlines like this tend to spark algo-driven repricing. Add in Trump’s tariffs on imported vehicles, and you’ve got a sentiment cocktail pulling crude lower.
That said I see this as a correction, into demand where liquidity is waiting.
Price action
I’ve got my eye on $69.16 — if we break, close below, then retest and hold under it, I think we open up a path toward $68.50 and possibly $68.00.
