Crude Oil concerns rising geopolitical Tension

[bonk]

CRUDEOIL looking bullish because market now focusing geopolitical tension and technical breakout together that’s why buyers are stepping in aggressively near support zones.

Tecnically Oil prices rose more than 3% on Tuesday ‌as stark differences between the U.S. and Iran over a proposal to end the war in the Middle East raised concerns that supply disruptions upending the global oil market are likely to be prolonged Because traders believe supply risks are becoming bigger than demand fears. When market starts pricing future shortages, crude oil usually rallies aggressively.

Resistance ; 105.35 / 110.095
Support ; 99.50 / 97.30

As long as USOIL remains above the 98–99 support zone, bullish momentum stays valid. A strong breakout above recent highs could trigger another wave of buying pressure toward 105 and possibly 110

[madmax]

$110 target if breakout confirms, inflation said hello again

[madmax]

and btc will go up

[lingriiddd]

Oil above $100 and nobody surprised anymore