It is surprising to see oil still reacting so aggressively to even minor headlines related to Iran and the broader conflict. The latest correction has taken price back toward levels seen before the Iran war, despite the significant changes in the supply backdrop over the past three months.
Large volumes of strategic reserves have already been released by the United States and other countries. Even if an agreement is reached, the resulting supply shortfall is unlikely to be fully restored in the near term.
From a broader perspective, this suggests that a sustained move toward significantly lower levels, particularly below $80, may not develop easily.
The 4H and daily market structures remain bullish. As long as that structure holds, sharp news-driven selloffs should be viewed as potential buying opportunities rather than a confirmed bearish shift.
Large volumes of strategic reserves have already been released by the United States and other countries. Even if an agreement is reached, the resulting supply shortfall is unlikely to be fully restored in the near term.
From a broader perspective, this suggests that a sustained move toward significantly lower levels, particularly below $80, may not develop easily.
The 4H and daily market structures remain bullish. As long as that structure holds, sharp news-driven selloffs should be viewed as potential buying opportunities rather than a confirmed bearish shift.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.