USOIL | Geopolitical Risks Keep Bulls in Control
Oil prices remain supported as renewed tensions between the U.S. and Iran keep supply concerns elevated. Despite softer U.S. inflation, higher Treasury yields and ongoing geopolitical uncertainty continue to influence energy markets.
Technically
The price is currently consolidating within the 80.20 - 78.66 range while waiting for the next breakout.
Overall, the market maintains a bullish structure.
A break above 80.20 would support bullish continuation toward 84.00 and 87.13.
However, to confirm a bearish reversal, the market needs to close a 4H candle below 78.66, which would open the way toward 75.00, especially if any de-escalation announcement is released.
Support: 78.65 – 74.90
Resistance: 84.00 – 87.13
Oil prices remain supported as renewed tensions between the U.S. and Iran keep supply concerns elevated. Despite softer U.S. inflation, higher Treasury yields and ongoing geopolitical uncertainty continue to influence energy markets.
Technically
The price is currently consolidating within the 80.20 - 78.66 range while waiting for the next breakout.
Overall, the market maintains a bullish structure.
A break above 80.20 would support bullish continuation toward 84.00 and 87.13.
However, to confirm a bearish reversal, the market needs to close a 4H candle below 78.66, which would open the way toward 75.00, especially if any de-escalation announcement is released.
Support: 78.65 – 74.90
Resistance: 84.00 – 87.13
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.