Binance pushes oil volatility at decade highs with Brent-WTI spread 3x normal, urging macro positioning across crypto, commodities, metals in one account.

According to @KobeissiLetter, NBC reports that President Trump has quietly approved a 28-point Russia-Ukraine peace plan that includes security guarantees aimed at a lasting peace; traders are monitoring headline-driven volatility in Brent/WTI, European natural gas (TTF), EUR/USD, USD/RUB, defense equities, and risk assets including BTC and ETH for potential risk-premium repricing. Source: NBC via @KobeissiLetter.

According to Mihir (@RhythmicAnalyst), crude oil experienced a significant technical breakdown from over two years of consolidation near the $70 level as of January 7th. The price hit the S2 support level last month and is currently retesting that zone, signaling continued volatility for traders. The next major support, S3, is identified at $47.15. These levels serve as critical points for trading decisions, with the potential for further downside if S2 fails to hold. Source: Mihir (@RhythmicAnalyst) on Twitter, May 2, 2025.