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