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Massive Oil Move Incoming? Only One Thing Can Stop ItOIL – Overview Oil Rallies to 5-Month High as Israel-Iran Tensions Escalate Oil prices surged to a five-month high early Wednesday amid escalating conflict between Israel and Iran. The ongoing airstrikes between the two nations, along with reports that the Trump administration is considering military involvement, have intensified concerns over a broader regional war. Since Israel launched a surprise strike on Iran last week targeting nuclear sites, oil has risen nearly 10%, fueled by fears of potential supply disruptions. President Trump has publicly called for Iran's "unconditional surrender," signaling heightened geopolitical risk. Despite the ongoing conflict, Iran's oil exports remain largely unaffected, and the country has not yet disrupted shipping through the Persian Gulf — a critical route supplying around 20% of global oil demand. However, markets remain on edge over the potential for further escalation that could directly impact supply. Technical Outlook: Oil maintains bullish momentum as long as it trades above 72.21, with upside targets at: ➡️ 77.21 ➡️ 79.50 — key breakout level ➡️ 85.40 — next resistance zone ➡️ Potential extension to 88.40 if momentum continues 🔻 A shift to bearish sentiment is only likely if negotiations begin between Iran and Israel, signaling potential de-escalation. Key Levels: • Pivot: 73.20 • Resistance: 77.21 / 79.50 / 85.40 • Support: 69.55 / 68.33 / 66.03 Caution: Any signs of de-escalation or negotiations between Iran and Israel could quickly reverse the trend.
TVC:USOILLong
by SroshMayi
Crude Oil Futures: Navigating Geopolitical Risk and VolatilityMarket Context: NYMEX:CL1! COMEX:GC1! CBOT:ZN1! CME_MINI:ES1! CME_MINI:NQ1! CME:6E1! Implied volatility (IV) in the front weeks (1W and 2W) is elevated, and the futures curve is in steep backwardation. This indicates heightened short-term uncertainty tied to geopolitical tensions, particularly in the Middle East involving Iran and Israel. The forward curve, however, suggests the market is not fully pricing in sustained or escalating conflict. We evaluate three possible geopolitical scenarios and their implications for the Crude Oil Futures market: Scenario 1: Ceasefire Within 1–2 Weeks • Market Implication: Short-term geopolitical premium deflates. • Strategy: Short front-month / Long deferred-month crude oil calendar spread. o This position benefits from a reversion in front-month prices once the risk premium collapses, while deferred months—already pricing more stable conditions—remain anchored. o Risk: If the ceasefire fails to materialize within this narrow window, front-month prices could spike further, causing losses. Scenario 2: Prolonged War of Attrition (No Ceasefire, Ongoing Missile and Air War) • Market Implication: Front-end volatility may ease slightly but remain elevated; deferred contracts may begin to price in more geopolitical risk. • Strategy: Long back-month crude oil futures. o The market is currently underpricing forward-looking risk premiums. A persistent conflict, even without full-scale escalation, may eventually force the market to adjust deferred pricing upward. o Risk: Time decay and roll costs. Requires a longer holding horizon and conviction that the situation remains unresolved and volatile. Scenario 3: Full-Scale Regional War • Market Implication: Severe market dislocation, illiquidity, potential for capital flight, and broad-based risk-off sentiment across global assets. • Strategy: Avoid initiating directional exposure in crude. Focus on risk management and capital preservation. o In this tail-risk scenario, crude oil could spike sharply, but slippage, execution risk, and potential exchange halts or liquidity freezes make it unsuitable for new exposure. o Alternative Focus: Allocate to volatility strategies, defensive hedging (e.g., long Gold, long VIX futures), and cash equivalents. o Risk: Sudden market shutdowns or gaps may make exit strategies difficult to execute. Broader Portfolio Considerations Given the crude oil dynamics, there are knock-on effects across other markets: • Gold Futures: Flight-to-safety bid in Scenarios 2 and 3. Long positioning in Gold (spot or near-month futures) with defined stop-loss levels is prudent as a hedge. • Equity Index Futures (E-mini Nasdaq 100 / S&P 500): Vulnerable to risk-off flows in Scenarios 2 and 3. Consider long volatility (VIX calls or long VX futures) or equity index puts as portfolio hedges. In Scenario 1, equities could rally on resolution optimism—especially growth-heavy Nasdaq. • Currency Futures: USD likely to strengthen as a safe haven in Scenarios 2 and 3. Consider long positions in Dollar and Short 6E futures. • Bond Futures: Risk-off flows theoretically should support Treasuries in Scenarios 2 and 3. Long positions in 10Y or 30Y Treasury futures could serve as a defensive allocation. Yields may retrace sharply lower if escalation intensifies. However, given the current paradigm shift with elevated yields, higher for longer rates and long end remaining high, we would not bet too heavily on Bond futures to act as safe haven. Instead, inflows in Gold, strengthening of Chinese Yuan and Bitcoin will be key to monitor here. Scenario-based planning is essential when markets are pricing geopolitical risk in a non-linear fashion. Crude oil currently reflects a consensus expectation of de-escalation (Scenario 1), which opens the door for relative value and mean-reversion strategies in the front-end of the curve. However, given the asymmetric risks in Scenarios 2 and 3, prudent exposure management, optionality-based hedges, and a flexible risk framework are imperative. A diversified playbook; leveraging volatility structures, calendar spreads, and cross-asset hedges offers the best path to opportunity while managing downside risk.
NYMEX:CL1!
by EdgeClear
USOIL:Go short before you go long The idea of crude oil is still to go long. Today, the more appropriate entry point is 72-72.3, there is still a little space at present, if you consider selling short first, then the more appropriate short point is 73-73.3 range. Give to the point to do, to wait to do more. Trading Strategy: SELL@73-73.3 TP: 72-72.3 BUY@72-72.3 TP: 73.7-74 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
Natural Gas Prices on the RiseNatural Gas Prices on the Rise As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand. Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports: → Israel has attacked Iran’s South Pars gas field, and Donald Trump has called for the evacuation of Tehran. → Market participants fear that a blockade of the Strait of Hormuz could disrupt oil and natural gas supply chains. In addition, forecasts of extreme heat in the US and increased demand for gas-powered air conditioning are also pushing prices higher. Technical Analysis of the XNG/USD Chart The chart shows that since mid-May, natural gas price movements have formed a narrowing triangle, suggesting a temporary balance between supply and demand. However, the triangle has been broken to the upside — a sign of demand strength — with the price: → breaking through resistance at $3.800 per MMBtu; → forming the outlines of an ascending channel (shown in blue). The following factors could act as resistance to the current upward move in natural gas prices: → the upper boundary of the channel; → the psychological level of $4.000 per MMBtu, near the May peak. However, given that the hottest months of summer lie ahead and the situation in the Middle East remains highly volatile, it is reasonable to assume that the upward trend may continue. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSD
by FXOpen
1
USOIL:A long trading strategy Oil prices also fell sharply under the stimulus of the news, and then completed the correction rebound in the sub-session, and now back to around 71 again. The current trend is in the upward rhythm of the main trend, and it is expected that the trend of crude oil will be mainly in the form of shock consolidation. Trading ideas than yesterday did not change too much, adjust the appropriate profit point. Trading Strategy: BUY@70.5-70.8 TP: 71.8-72.3 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
USOIL 1 - Hour Chart AnalysisUSOIL 1 - Hour Chart Analysis Key Levels Support: ~69.50 (short - term), 67.70 (critical backup). Resistance: 73.50 (major hurdle, tested before). Trend, Pattern & Middle East Conflict Price oscillates between support/resistance, with a potential “V - shaped reversal”. Middle East conflicts add high uncertainty: Escalation: Fears of supply cuts could push price above 73.50 rapidly. De - escalation: May pressure price down, but 67.70/69.50 still get support from lingering supply - risk worries. Trading Strategies Bullish: If 69.50 holds (e.g., long lower shadows/bullish candles), small - size long. Target 73.50; stop - loss ~69.20. Watch for sudden conflict news. Bearish: If 69.50 breaks (consecutive closes below), short. Target 67.70; stop - loss ~69.80. Stay alert to conflict updates. Note: Oil prices hinge on supply - demand, Middle East tensions, and the USD. Combine tech/fundamental analysis; manage risk strictly. ⚡️⚡️⚡️ USOil ⚡️⚡️⚡️ 🚀 Buy@ 70.50 - 71.00 🚀 TP 73.00 - 74.00 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
MARKETSCOM:USOILLong
by Sovereign_1
WTI Oil H1 | Falling toward a pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 73.31 which is a pullback support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 70.90 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 77.60 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILLong
by Tradu
The best opportunity is when crude oil falls 💡Message Strategy Crude oil futures fell in the European session on Monday (June 16), giving up earlier gains, as a new round of hostilities between Israel and Iran had limited impact on oil production and exports. WTI briefly rebounded to $77.49, close to last week's high, which was also our second profit target, but failed to break through the key resistance level near $78.09. Oil prices surged 7% on Friday, driven by geopolitical risks, pushing crude to its highest level since January. However, Monday's reversal reflected the lack of immediate threats to supply routes, especially the strategically important Strait of Hormuz. If Iran's production drops sharply due to the conflict, the global oil supply buffer will be quickly exhausted and oil prices may usher in a new round of surges. Faced with this complex situation, investors, oil-producing countries and consumers need to be prepared to meet the possible energy storm. This is also the reason why we repeatedly emphasize that crude oil should be long when it falls. We can foresee its upward momentum, and the pullback is only in a moment without any signs. 📊Technical aspects The short-term (1H) trend of crude oil continued to fluctuate upward, and the price near 74 was tested. The moving average system relies on the bullish arrangement of oil prices, and the short-term objective trend direction remains upward. In the morning, the oil price hit a new high near 75.30, and then fell back and closed with a negative real candlestick. The short-term momentum is still bullish, and it is expected that the trend of crude oil will continue to maintain a high-level oscillating upward rhythm. 💰 Strategy Package Long Position:69.50-70.50 The first target is around 73.00 The second target is around 75.00
TVC:USOILLong
by TheodoreSilas
WADZ & the Petrodollar RevivalGlobal FX Shift: The Rise of WADZ (2025–2026) In mid-2025, a war between Iran and Israel spirals fast. Iran strikes hard, Israel’s defenses go offline from cyberattacks, and the U.S. surprisingly doesn’t intervene. Instead, America steps in quietly, setting up a “peacekeeping” zone along the Jordan-Israel border. It’s called the West Asia Demilitarized Zone (WADZ) — but behind the scenes, it’s about control, not peace. Oil jumps to $115. Markets flip. USD/JPY and USD/TRY spike. EUR/USD slides. Then the U.S. launches WZ-Digital, a USD-backed oil coin. Now, all oil in the region trades through America. OPEC fractures. Saudi and UAE fall in line. China gets iced out. USD/CNY shoots past 8.30. In the desert, a secret U.S. city appears: The Watchtower — a hub that manages oil, data, and borders. Regional FX Snapshot (2026) Europe: Gas crisis deepens. EUR/USD drops to 0.95. East Europe leans on U.S. China: Crypto-oil push fails. Capital flight triggers USD/CNY → 8.80. Russia: Oil-for-yuan helps short-term, but ruble stays shaky. Africa: Egypt & Morocco adopt WZ-Digital. Local currencies stay weak. Southeast Asia: Dual oil trade (USD/WZ). SGD steady, MYR & IDR choppy. (BRICKS+) Latin America: Brazil, Argentina resist — then cave. USD demand surges. Bottom Line: By end of 2026, USD isn’t just money — it’s a global system. WADZ quietly reprograms the rules of energy and trade. No invasion, no headlines. Just quiet, total control. Bye guys
PYTH:WTI3!Long
by MalaysiaDPR
Oil Eyes $90+ as U.S.–Iran Conflict LoomsWTI Crude Oil — Bullish Reversal in Play as War Risk Escalates Technical & Geopolitical Outlook — Weekly Chart | 17 June 2025 🧭 Current Market Condition: WTI crude oil is breaking out of a multi-month falling wedge, a classically bullish reversal pattern, after bouncing from the $67–68 support region. This technical move is further amplified by rising geopolitical tensions in the Middle East, particularly fears of a potential U.S. military strike on Iran, which would threaten global oil supply routes through the Strait of Hormuz. The current breakout attempt aligns with a sentiment shift from oversold to recovery mode, supported by a sharp rise in weekly momentum indicators. 📊 Key Technical Highlights: Bullish Falling Wedge Breakout: Price breaking above descending resistance. Key Resistance Levels: $76.67 – immediate supply zone $92.82 – prior breakout area; major target if breakout sustains Key Support Levels: $71.28 – breakout retest level $67.00–$68.00 – wedge base, strong historical support $52.00 – longer-term bearish invalidation (unlikely unless demand collapses) Momentum: Weekly stochastic sharply rising from bottom, signaling strength building. 🔺 Bullish Scenario — If U.S. Attacks Iran: If the U.S. carries out military strikes on Iranian targets, oil prices are highly likely to: Price in geopolitical risk premium of $10–$20/barrel. Spike toward $90–$100 range within days or weeks due to: Fears of supply disruption (Hormuz choke point) Panic buying and short covering Strategic reserves hoarding Technical Targets: $76.67 → Break above confirms bullish continuation $92.82 → First major upside target $100–$110 → Stretch target if conflict escalates or prolongs 🛢️ Energy traders and institutions typically front-run geopolitical escalations, so price can jump before any physical conflict if tensions remain unresolved or rhetoric intensifies. 🔻 Bearish Scenario — Fake Breakout or De-escalation: Rejection from $76.67 or failure to hold above $71.28 can trigger pullbacks. If tensions cool and Iran conflict is diplomatically diffused: WTI may slide back toward $68.00 and re-enter the wedge. Below $67.00, oil could revisit $60–$52 range in a risk-off macro environment. 🛡️ Risk Management & Outlook: Geopolitical events can override technicals, especially in commodities. Gaps, whipsaws, and sharp reversals are common — caution with overnight positions. Consider hedging strategies or limited-risk option plays if trading leveraged oil instruments. 📢 If you found this analysis valuable, kindly consider boosting and following for more updates. ⚠️ Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
BLACKBULL:WTI
by MarketsPOV
Crude oil----Buy around 71.00-72.00, target 73.00-77.00Crude oil market analysis: Last week's crude oil was very exaggerated because it broke the super suppression of 65.00 on the daily line. Once this position was broken, crude oil began to be standard. This is also the result of our many predictions of the cycle. Crude oil purchases will continue to soar this week. In addition, the escalation of the situation in the Middle East will make it difficult for crude oil to fall in the short term. I estimate that there is a possibility of repair. The retracement during the repair is our opportunity to buy again. In addition, the delivery period of crude oil futures contracts will also cause it to fluctuate violently again. Fundamental analysis: There are many fundamental analyses and data recently. Geopolitical factors are the main reason for its violent fluctuations. In addition, there is a holiday in the United States this week, and there is also a Federal Reserve interest rate result. Operation suggestions: Crude oil----Buy around 71.00-72.00, target 73.00-77.00
NYMEX:CL1!Long
by NuggetsWarriors
WTI above $75 on fears of US involvement in Israel-Iran conflictThe Israel-Iran situation is quite different this time and with Trump announcing that *we* now have full control over Iranian skies, suggesting the US is entering the fray – hardly a surprise to be honest - this is not going to end well. The conflict may get far worse in the short-term, and this will send shockwaves through the oil markets – especially if there are disruptions in the Strait of Hurmuz. Oil prices could easily spike to $100 and higher in the worst-case scenario. So, the situation is quite serious, unfortunately. Let's hope that it quickly de-escalates and lives are not lost. But make no mistake, this could get really big - especially with headlines like these coming out in the last few minutes: *US OFFICIALS SAY TRUMP 'SERIOUSLY CONSIDERING' STRIKE ON IRAN: AXIOS; *TRUMP TO MAKE POLICY DECISION ON ISRAEL-IRAN: AXIOS *IRAN WILL SOON LAUNCH 'PUNITIVE' OPERATION AGAINST ISRAEL: IRNA The picture is looking quite grim, unfortunately. by Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
Brent and WTI: Is $100 oil just Around the corner?#Brent and #WTI prices are steadily climbing, now reaching $73.30 and $71.15 per barrel. The market is showing strong signs of an upward trend, similar to what we saw in 2021–2022. With global demand picking up and increased interest from major market participants, analysts believe prices could soon push past the $100 mark — especially amid ongoing global tensions and rising consumption. Standard Chartered forecasts Brent reaching $95 by December 2025, while some outlooks go even higher. What’s fueling this potential rally? Top 5 reasons oil may surge in the coming months: Global instability : Tensions in the Middle East and unrest in key producers like Venezuela and Nigeria raise concerns about supply disruptions. Any flare-ups could push prices to $90, $95 — or beyond. Economic recovery : Asia and developing economies are bouncing back fast. With industrial activity rising, so does energy demand — including for oil. OPEC+ tight supply policy : OPEC+ is likely to maintain production cuts to support prices and keep the market balanced. Low reserves, limited expansion : Stockpiles remain tight, and exploration has lagged in recent years. If demand spikes, producers may struggle to scale output quickly. Aviation and petrochemicals rebound : Global air traffic and plastic manufacturing are growing, increasing demand for jet fuel and oil-based feedstocks. Together, these factors create a strong setup for upward momentum in Brent and WTI prices. According to FreshForex analysts , the current levels could mark the beginning of a new growth cycle.
OANDA:BCOUSDLong
by Fresh-Forexcast2004
The latest long - short trading recommendations for crude oil.On Monday, the two benchmark oil prices fell by more than 1% due to media reports that Iran might seek to ease the situation. However, the market's short-term optimism proved unsustainable. Currently, oil price movements are driven primarily by geopolitics rather than fundamentals. Market sensitivity to the Middle East situation has surged to an extremely high level, with even the slightest development triggering violent volatility. The possibility of supply disruptions remains high in the short term, and close attention should be paid to Iran's oil export trends and the actual execution of OPEC+ after its meeting. Meanwhile, be wary of the risk of sharp consolidation amid mixed geopolitical and negotiation news. In terms of momentum, the fast and slow lines of the MACD indicator have crossed below the zero axis, forming a golden cross with an upward divergence, indicating a stalemate between bullish and bearish momentum. In terms of patterns, a flag continuation pattern has emerged, with penetration of the upper edge of the flag, and the overall trend is in a secondary rhythm. It is expected that crude oil prices will mainly fluctuate and consolidate within the pattern. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results. Trading Strategy: buy@70.0-71.0 TP:74.0-75.0
BLACKBULL:WTILong
by Ashbur
Time for a Rise in Oil Prices $$$When analyzing the recent movements in oil prices through the lens of Elliott Wave Theory, it appears that the current structure is completing an ABC corrective formation. Initially, the A wave has developed as a strong upward 1-5 impulse structure. The B wave evolved through a classic ABC correction, pushing prices down to the support area marked as (B). Following this correction, early signals indicate the initiation of the C wave. In this context, the technical structure suggests a potential new upward momentum in oil prices with the activation of the C wave. The target zone for the C wave should be monitored in consideration of the existing trendlines and historical resistance levels. Nevertheless, under the current market conditions characterized by high volatility, it is critical to monitor volume and momentum indicators to confirm the C wave and ensure key support levels are maintained.
TVC:UKOILLong
by kofc
WTI OIL Overbought RSI = best time to sell!WTI Oil (USOIL) has been trading within a 2-year Channel Down pattern and due to the recent Middle East geopolitical tensions, the price catapulted near its top (Lower Highs trend-line). That made the 1D RSI overbought (>70.00) and every time that took place since September 2023, the pattern priced its Lower High and started a Bearish Leg. As a result, an overbought 1D RSI reading has been the strongest sell signal in the past 2 years. The 'weakest' Bearish Leg after such sell signal has been -25.29%. As a result, we have turned bearish on WTI again, targeting $58.20 (-25.29%). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
Oil Surges on Israel-Iran Nuclear Strike Fears🛢️ Israel’s attacks on Iran’s nuclear sites are pushing oil ( BLACKBULL:WTI , BLACKBULL:BRENT ) higher! Bloomberg reports Trump’s G-7 exit and Tehran evacuation warning as Israel-Iran strikes intensify (June 17, 2025). Analysts warn of Strait of Hormuz risks, with 17M barrels/day at stake. 4H Chart Analysis: Price Action: WTI ( BLACKBULL:WTI ) broke $75 resistance (June 2025 high), exiting a 3-week range. Brent ( BLACKBULL:BRENT ) mirrors at $78. Volume: 4H volume spiked 15% vs. prior week, confirming breakout buying. Key Levels: Current Support: $75 (WTI), $78 (Brent) – former resistance, now support. Next Support: $73 (WTI), $76 (Brent) – prior range lows, tested twice in June. Context: Oil gained 2% this week, driven by Middle East supply fears, with WTI at a 1-month high. Trading Insight: The $75/$78 breakouts signal bullish momentum. $73-$76 is a key support zone for dips. Watch Iran retaliation news and volume for supply disruption clues. What’s your 4H oil trade? Post your setups! 👇 #OilPrice #WTI #Brent #IsraelIran #TradingView
OANDA:WTICOUSDLong
by DCAChampion