So far, there have been no deviations from the expected scenario. The price appears to be forming a corrective pattern around a critical trendline. Last week, we anticipated movement under the "red scenario," but the "black scenario" now seems more likely. However, post-Iran news developments might still push us toward the red path.
The delayed ultimatum in Iran negotiations and optimistic comments about progress could trigger a downward move. Next, either breakthroughs with Russia or a continued S&P 500 decline (dragging oil lower) will shape the trajectory. News serves as context for reflection, not direct trading cues.
The delayed ultimatum in Iran negotiations and optimistic comments about progress could trigger a downward move. Next, either breakthroughs with Russia or a continued S&P 500 decline (dragging oil lower) will shape the trajectory. News serves as context for reflection, not direct trading cues.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.