$BRENT



"Drill baby Drill" was the phrase in the voice of DJT when he was campaigning for America to become the leader in refining crude oil. He also promised to make Oil and gas cheap for Americans. Also, he promised that oil would be $50/barrel under his tenure, which would bring down inflation.
Now, let's talk about what the chart is saying, whether it supports DJT's outlook. Before DJT assumed office, Oil was trading at a 2025 yearly high of $81.735/barrel. And after Trump assumed office, Oil never traded above $80/barrel, and that started the downtrend. Currently, Brent crude is trading at $60.325/Barrel, which is less than $10/barrel from Trump's target. According to the big boys' report I read on their global outlook for Oil, they expect oil to be trading around the $55-$60 per barrel region, citing OPEC supply glut.
I agree with them, and I am not bullish on Oil going into 2026, but I am bullish on LNG. Time will tell

#NFA
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