Massive Oil Move…But Uncertainty Isn’t Going Away

Massive in oil

Oil is printing its largest down candle since the war began, yet uncertainty remains high. Volatility is still elevated, positioning is stretched, and price action is likely to stay erratic. The move looks dramatic, but the broader setup hasn’t changed much.

Direction remains uncertain, but the 21-day sits near $90, with the 50-day much lower around $77.