$80 Brent May Join Short, Hedge List - Brent crude oil's downtrend is being tested near 2025's high. Is it a sustainable recovery or bear-market bounce? My bias is with the latter, and oversupplied bear markets need to prove otherwise. Brent crude above $80 a barrel might mark significant resistance, alongside copper near $6 a pound, silver above $100 an ounce and Bitcoin around $74,000. A sustained supply shock may be necessary for Brent to stay above $80, which I view as unlikely from the Iran conflict. One key factor may solidify ceilings around the aforementioned levels: a modest recovery in stock market volatility. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tbbli7kgzaj6 {BI COMD} #crudeoil #stockmarket @markets(Mike McGlone)