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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

9 June 2026 08:59  |

Beware: Oil Prices Could Swing Wildly Because of This!

Oil stabilized after Israel and Iran halted their attacks. However, a risk premium remains as each country continues to threaten retaliation if attacked.

Supply has not yet recovered as Hormuz remains locked in a US-Iran blockade and shipping security incidents continue to occur. The market remains headline-driven while awaiting evidence that oil flows are truly normal. (asd)

Oil Price at the Time of This Analysis' Release Was at $93.79

- Buy if the price moves to $93.92

- Sell if the price moves to $93.51

Resistance 2: $94.48

Resistance 1: $94.21

Support 1: $93.31

Support 2: $93.15

Caution: This article is analytical in nature and not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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