WTI Crude Oil Futures Dip Amid Geopolitical Concerns
WTI crude oil futures fell to $74.80 per barrel on Thursday, following a 2.8% increase in the previous session. Investors are concerned about potential retaliatory strikes by Iran against Israel, in response to recent assassinations of Hamas and Hezbollah leaders. Despite these tensions, Iran's president hinted at possible diplomatic efforts to de-escalate the situation during a call with France.
Oil Edges Down on Thursday
Bullish Scenario:
For a bullish trend, the price should stabilize above $75.35, targeting $77.94 and potentially $79.49.
Bearish Scenario:
Stability below $75.35, confirmed by a 4-hour candle close, could lead to a drop towards $73.90 and $72.80.
Key Levels:
- Pivot Line: $75.35
- Support Levels: $73.90, $72.80, $69.80
- Resistance Levels: $77.94, $79.49, $80.73
Today's Expected Range:
The price is anticipated to move between the support at $72.72 and the resistance at $77.95.
previous idea:
WTI crude oil futures fell to $74.80 per barrel on Thursday, following a 2.8% increase in the previous session. Investors are concerned about potential retaliatory strikes by Iran against Israel, in response to recent assassinations of Hamas and Hezbollah leaders. Despite these tensions, Iran's president hinted at possible diplomatic efforts to de-escalate the situation during a call with France.
Oil Edges Down on Thursday
Bullish Scenario:
For a bullish trend, the price should stabilize above $75.35, targeting $77.94 and potentially $79.49.
Bearish Scenario:
Stability below $75.35, confirmed by a 4-hour candle close, could lead to a drop towards $73.90 and $72.80.
Key Levels:
- Pivot Line: $75.35
- Support Levels: $73.90, $72.80, $69.80
- Resistance Levels: $77.94, $79.49, $80.73
Today's Expected Range:
The price is anticipated to move between the support at $72.72 and the resistance at $77.95.
previous idea:
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.