The situation in the Middle East is far from over, and oil prices are favored by bulls.

Energy

Commodity

Summary:

The ongoing situation in the Middle East continues to support oil prices, which are likely to remain volatile at high levels in the short term, with a bullish outlook.

BUY WTI

EXP

PENDING

81.700

Entry Price

87.000

79.000

83.827 +0.264 +0.32%

Pips

PENDING

79.000

Exit Price

81.700

Entry Price

87.000

Fundamentals

Recently, the international crude oil market has remained highly volatile due to the fluctuating situation in the Middle East. In particular, market concerns about the disruption of energy supply chains in the Middle East have led to a continuous rise in oil prices after the failure of a brief ceasefire agreement.

Recently, Iran launched missiles at US forces in the Middle East, prompting Trump to again threaten to strike Iran hard and seek to impose tariffs on it. This has increased the risk of military conflict in the Middle East and caused oil prices to rebound.

Furthermore, US crude oil inventories also declined significantly. EIA data showed that US commercial crude oil inventories fell by approximately 7.2 million barrels last week, the lowest level since 2018, further pushing up oil prices. In the short term, close attention needs to be paid to developments in the Middle East. At least for now, the situation remains tense and far from clear, with the US and Iran engaging in intermittent fighting, suggesting that oil prices may remain volatile at high levels.

Technical aspects

The situation in the Middle East is far from over, and oil prices are favored by bulls._1

Looking at the 1-hour chart, XTIUSD has recently undergone a technical correction, rebounding after a period of consolidation. Overall, it maintains an upward trend with strong buying pressure. If the price can hold above $81.5, the rebound momentum is likely to continue, and it may continue to fluctuate between $80 and $92 in the short term.

The trading strategy is mainly based on range-bound trading. You can try going long when the price pulls back to around 81.5, with a target of around 87.5 and a stop loss below 80.

Trading advice

Trading direction: Long

Entry position: 81.7

Target value: 87.0

Stop-loss level: 79.0

Downside support levels: 80.0/81.5

Upward resistance levels: 92.0/87.5

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data