Oil back in chop mode around $100 as ceasefire talks stall and headlines keep shifting.
Iran rejecting the US proposal keeps risk premium elevated, while flows through Hormuz remain messy — that’s your floor for now.
On the flip side, US inventories keep building (5th straight week), with a big 6.9m barrel increase and softer exports. Not exactly screaming demand strength.
So you’ve got a market stuck between geopolitics and soft fundamentals.
Technically, nothing’s changed.
Price is still sitting inside that broader bear flag on the 4H. The recent grind higher looks corrective, not impulsive — more squeeze than breakout.
If talks stabilise or the market starts pricing de-escalation, that’s your trigger for a downside move as risk premium fades.
Until then → headline-driven chop inside structure.
Key watch:
– US-Iran tone shifts
– Hormuz / shipping updates
– Follow-through after inventory data
– Reaction at channel resistance
Iran rejecting the US proposal keeps risk premium elevated, while flows through Hormuz remain messy — that’s your floor for now.
On the flip side, US inventories keep building (5th straight week), with a big 6.9m barrel increase and softer exports. Not exactly screaming demand strength.
So you’ve got a market stuck between geopolitics and soft fundamentals.
Technically, nothing’s changed.
Price is still sitting inside that broader bear flag on the 4H. The recent grind higher looks corrective, not impulsive — more squeeze than breakout.
If talks stabilise or the market starts pricing de-escalation, that’s your trigger for a downside move as risk premium fades.
Until then → headline-driven chop inside structure.
Key watch:
– US-Iran tone shifts
– Hormuz / shipping updates
– Follow-through after inventory data
– Reaction at channel resistance
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Publications connexes
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.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Publications connexes
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.