CRUDE OIL ANALYSIS
Fundamental: Oil prices rebounded, with WTI crude rising toward $94 per barrel as renewed US military activity in southern Iran increased market uncertainty.
The US targeted suspected missile and mine deployment sites, while Washington said the actions were meant to protect regional security interests.
Meanwhile, ongoing US-Iran negotiations and discussions on extending a temporary ceasefire continued to influence investor sentiment.
Despite the latest recovery, crude prices remain sharply lower over the past week due to optimism that diplomatic progress could ease supply risks.
WTI TECHNICAL ANALYSIS
WTI Technical Structure: Triple Top on Daily, Trading Below 20-SMA on Daily, Doji on 4H, Inverted Head & Shoulders on 1H
Weekly Trend: Bearish to Neutral
Intraday Trend/ Intraday Strategy : Bearish/ Sell on Resistance, Sell on Support Breakdown
Major Support: 91.00, 87.00, 82.00
Major Resistance: 96.50, 100.00, 104.00
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farah khan
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