OIL – Overview
Oil Rallies to 5-Month High as Israel-Iran Tensions Escalate
Oil prices surged to a five-month high early Wednesday amid escalating conflict between Israel and Iran. The ongoing airstrikes between the two nations, along with reports that the Trump administration is considering military involvement, have intensified concerns over a broader regional war.
Since Israel launched a surprise strike on Iran last week targeting nuclear sites, oil has risen nearly 10%, fueled by fears of potential supply disruptions. President Trump has publicly called for Iran's "unconditional surrender," signaling heightened geopolitical risk.
Despite the ongoing conflict, Iran's oil exports remain largely unaffected, and the country has not yet disrupted shipping through the Persian Gulf — a critical route supplying around 20% of global oil demand. However, markets remain on edge over the potential for further escalation that could directly impact supply.
Technical Outlook:
Oil maintains bullish momentum as long as it trades above 72.21, with upside targets at:
➡️ 77.21
➡️ 79.50 — key breakout level
➡️ 85.40 — next resistance zone
➡️ Potential extension to 88.40 if momentum continues
🔻 A shift to bearish sentiment is only likely if negotiations begin between Iran and Israel, signaling potential de-escalation.
Key Levels:
• Pivot: 73.20
• Resistance: 77.21 / 79.50 / 85.40
• Support: 69.55 / 68.33 / 66.03
Caution: Any signs of de-escalation or negotiations between Iran and Israel could quickly reverse the trend.
Oil Rallies to 5-Month High as Israel-Iran Tensions Escalate
Oil prices surged to a five-month high early Wednesday amid escalating conflict between Israel and Iran. The ongoing airstrikes between the two nations, along with reports that the Trump administration is considering military involvement, have intensified concerns over a broader regional war.
Since Israel launched a surprise strike on Iran last week targeting nuclear sites, oil has risen nearly 10%, fueled by fears of potential supply disruptions. President Trump has publicly called for Iran's "unconditional surrender," signaling heightened geopolitical risk.
Despite the ongoing conflict, Iran's oil exports remain largely unaffected, and the country has not yet disrupted shipping through the Persian Gulf — a critical route supplying around 20% of global oil demand. However, markets remain on edge over the potential for further escalation that could directly impact supply.
Technical Outlook:
Oil maintains bullish momentum as long as it trades above 72.21, with upside targets at:
➡️ 77.21
➡️ 79.50 — key breakout level
➡️ 85.40 — next resistance zone
➡️ Potential extension to 88.40 if momentum continues
🔻 A shift to bearish sentiment is only likely if negotiations begin between Iran and Israel, signaling potential de-escalation.
Key Levels:
• Pivot: 73.20
• Resistance: 77.21 / 79.50 / 85.40
• Support: 69.55 / 68.33 / 66.03
Caution: Any signs of de-escalation or negotiations between Iran and Israel could quickly reverse the trend.
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.
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.