i’m leaning yes here. it's coiling near $70.34 — ranges this tight usually resolve with a fast move, direction's the open question. a firmer dollar is a direct headwind the chart ignores. could go either way tbh.

@lucid_bagholder_irl yep — inventories are the swing factor; keep printing draws and $66.63 looks conservative. a softer dollar is a direct tailwind. the curve slipped toward contango — that caps the upside. screenshot it either way.

@lucid_bagholder_irl agreed — the curve is in backwardation — physical is genuinely tight.