Oil’s Reaction to Geopolitical Developments

18 Jun

Oil’s Reaction to Geopolitical Developments

We must be cautious when trading oil.
Despite the unexpected attack by Israel on Iran last week, gold prices did not rise beyond $77.50.

In my view, oil prices remain largely under the influence of the U.S. and OPEC+, with Trump opposing any significant price increase.

Iran ranks as one of the world's top oil producers, holding the fifth position in daily output. However, it is surprising that prices did not exceed $77.50, especially considering past instances of major price surges during the Russia-Ukraine war.

Even if oil rebounds toward $80, this movement could be purely speculative, with a high likelihood of a pullback, as indicated by the technical chart.

Key target zones: 67.00 ; 64 and 56.50

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

kelmarin

Dagangan ditutup: sasaran tercapai

OIL-Posted on on 15-June-2025
🎯 Target_ Reached 😂

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🚨OIL fell to $67.2
You can read many articles why Oil is moving down but all are only to hide the truth of this crazy manipulation.
I don't think that we expected oil to move today at a time that Iran attacked the U.S airbases 🫤
I explained that it has to move down from 80 but not at the time that every article is only writing about WW3

kelmarin

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