The price of oil was in a clear descending channel through most of 2025. However, with the start of the Middle East War in early March, WTI crude exploded.
The price is in the process of completing a bullish flag / ascending wedge / triangle pattern around the $85–110 zone. If it continues toward a triangle pattern, the apex at around $94-95/bbl will play a key role. A hold above this level will keep the bull case intact.
Paradigm: Despite the US administration signaling de-escalation and pushing peace rhetoric, the oil market has not been affected much - bearish signs have been shrugged off. The war premium remains firmly priced in, and it seems oil supply disruptions are here to last longer.
Several analysts have flagged $150/bbl as a realistic target should supply disruptions deepen or conflict spread to key energy corridors.
The structure is a clear-channel breakout. Bulls remain in control.
Key levels: Support $98 , Target $120 → $150 Bias: Bullish above $94-96.
However, if the price drops below the apex near $94-95, there is a strong possibility of a downward retracement. In this case, the price may move back toward the lower boundary of the previous descending channel. This scenario would signal a loss of bullish momentum and could increase the risk of further downside unless buyers step in.
The price is in the process of completing a bullish flag / ascending wedge / triangle pattern around the $85–110 zone. If it continues toward a triangle pattern, the apex at around $94-95/bbl will play a key role. A hold above this level will keep the bull case intact.
Paradigm: Despite the US administration signaling de-escalation and pushing peace rhetoric, the oil market has not been affected much - bearish signs have been shrugged off. The war premium remains firmly priced in, and it seems oil supply disruptions are here to last longer.
Several analysts have flagged $150/bbl as a realistic target should supply disruptions deepen or conflict spread to key energy corridors.
The structure is a clear-channel breakout. Bulls remain in control.
Key levels: Support $98 , Target $120 → $150 Bias: Bullish above $94-96.
However, if the price drops below the apex near $94-95, there is a strong possibility of a downward retracement. In this case, the price may move back toward the lower boundary of the previous descending channel. This scenario would signal a loss of bullish momentum and could increase the risk of further downside unless buyers step in.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.