USOIL: Strong Rally on Hormuz Risk — Long Setup After Pullback
🎯 Trade setup:
Direction: Long from pullback
🔻 Entry: 7,750–7,850
🛑 Stop Loss: 7,550
🎯 Take Profit 1: 8,150
🎯 Take Profit 2: 8,400
📰 News:
Oil is rallying sharply as the U.S.–Iran conflict escalates again around the Strait of Hormuz. Reports say the U.S. restored a naval blockade near Iranian ports, while Iran claimed the strait is closed and tanker traffic has been disrupted. This pushed WTI higher as traders price in a stronger geopolitical risk premium.
The main market concern is supply disruption. If Hormuz flows remain unstable, oil may stay supported and inflation expectations could rise again. That also keeps pressure on central banks and risk assets.
📊 Analysis:
On the 1H chart, USOIL is in a strong bullish impulse after breaking above the 7,060–7,200 zone. Price is now trading near 8,060, above EMA 9, EMA 20, SMA 50 and SMA 200, confirming strong bullish momentum.
However, RSI is elevated and MACD is already stretched, so buying directly at highs is risky. The better setup is to wait for a pullback toward support.
Scenario:
If USOIL holds above 7,750–7,850, buyers may continue pushing the price toward 8,150 and 8,400.
A bearish scenario starts if price breaks below 7,550. In that case, the rally may turn into a deeper correction toward 7,275–7,215.
⚠️ Not financial advice.
Direction: Long from pullback
🔻 Entry: 7,750–7,850
🛑 Stop Loss: 7,550
🎯 Take Profit 1: 8,150
🎯 Take Profit 2: 8,400
📰 News:
Oil is rallying sharply as the U.S.–Iran conflict escalates again around the Strait of Hormuz. Reports say the U.S. restored a naval blockade near Iranian ports, while Iran claimed the strait is closed and tanker traffic has been disrupted. This pushed WTI higher as traders price in a stronger geopolitical risk premium.
The main market concern is supply disruption. If Hormuz flows remain unstable, oil may stay supported and inflation expectations could rise again. That also keeps pressure on central banks and risk assets.
📊 Analysis:
On the 1H chart, USOIL is in a strong bullish impulse after breaking above the 7,060–7,200 zone. Price is now trading near 8,060, above EMA 9, EMA 20, SMA 50 and SMA 200, confirming strong bullish momentum.
However, RSI is elevated and MACD is already stretched, so buying directly at highs is risky. The better setup is to wait for a pullback toward support.
Scenario:
If USOIL holds above 7,750–7,850, buyers may continue pushing the price toward 8,150 and 8,400.
A bearish scenario starts if price breaks below 7,550. In that case, the rally may turn into a deeper correction toward 7,275–7,215.
⚠️ Not financial advice.
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Telegram Channel:
t.me/elibriforex
t.me/elibrianalytics
Telegram Channel:
t.me/elibriforex
t.me/elibrianalytics
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน