OIL Struggles to Rally Despite Rising Geopolitical Tensions
The renewed US-Iran conflict has all major economies commenting on higher expected inflation and higher prices.
From the chart we can see that OIL has not moved much, indicating that something has stopped the price from rising further.
Even if it moves to the maximum, I see the oil price rise could be around 97.50 before it falls again. OIL could fall even earlier before reaching 97.50.
Trump and all major economies want the oil price to fall and I think that maybe Trump will make comments or other agreements to stop the price.
However, this is just my personal opinion.
Targets 88.8; 86.50 and 80.50
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
The renewed US-Iran conflict has all major economies commenting on higher expected inflation and higher prices.
From the chart we can see that OIL has not moved much, indicating that something has stopped the price from rising further.
Even if it moves to the maximum, I see the oil price rise could be around 97.50 before it falls again. OIL could fall even earlier before reaching 97.50.
Trump and all major economies want the oil price to fall and I think that maybe Trump will make comments or other agreements to stop the price.
However, this is just my personal opinion.
Targets 88.8; 86.50 and 80.50
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.