CRUDE OIL (#WTI): Updated Support & Resistance Analysis š¢ Here is my latest structure analysis for šWTI Crude Oil. Resistance 1: 98.0 – 105.6 area Resistance 2: 112.5 – 119.4 area Support 1: 92.3 – 95.5 area Support 2: 76.8 – 85.2 area Consider these structures for pullback/breakout trading. āāāāāāāāā Daily time frame Join My…
Gold gapped lower at the weekās open as cracks in the USāIran ceasefire deepened just days before the April 22 expiry. Yet markets have stopped short of panic for now, with oil prices rising but still restrainedāfalling short of signaling a full repricing toward war. At the same time, Goldās upward momentum is already fading,…
The market narrative has flipped againāand the stakes are rising. The abrupt shift in the Strait of Hormuzāfrom briefly āopenā to once again under strict military control within 24 hoursāhas underscored just how fragile the current ceasefire is. What initially looked like the beginning of de-escalation has quickly reverted to uncertainty, forcing investors to reassess…
Key Highlights WTI Crude Oil failed to surpass $105 and trimmed most gains. A key bearish trend line is forming with resistance at $96.40 on the 4-hour chart of XTI/USD. Gold is facing a major hurdle near $4,950. EUR/USD seems to be consolidating gains above the 1.1740 support. WTI Crude Oil Price Technical Analysis WTI…
WTI oil price fell sharply on Wednesday, losing around $18 in early Asian trading, in reaction to decision of a two-week ceasefire between US/Israel and Iran and re-opening of (not entirely closed) Straight of Hormuz that provided relief. The deal marks the first step toward the long-lasting peace in the region and temporarily neutralized fears…
WTI oil price edged lower on Monday after hitting new marginally higher high ($115.42) on a partial profit taking from over 13% rally in the previous trading session on Thursday. Traders were cautiously optimistic and awaited more details about potential peace talks between the USA and Iran but remain on high alerts on threats of…
Key takeaways Volatility driven by ceasefire uncertainty: WTI crude surged above $102.25 to as high as $116 before reversing sharply, with an intraday whipsaw driven by conflicting signals around a potential USāIran ceasefire and Trumpās rhetoric. Ceasefire expectations skewed to June: Prediction market assigns low odds of a ceasefire by end-April (~22.5%) but sees a…
Ā Brent vs WTI Oil Price Ā The global oil market has entered a highly event-driven phase, leaving traders questioning whether Brent or WTI crude should serve as the primary benchmark. Traditionally, Brent crude has been viewed as the global pricing standard, while WTI has reflected U.S. domestic conditions. However, recent geopolitical and supply dynamics…
CRUDE OIL (#WTI): Potential Scenarios Explained š¢ ā ļøWTI Oil is currently stuck on a key daily resistance. Depending on the price reaction to that, I see 2 potential scenarios. Bullish Scenario If the market breaks and closes above 102.5 level on a daily, it will confirm a breakout of the underlined resistance. With a high…
The return of ā1970s-style stagflationā is no longer a distant tail riskāit is fast becoming the central theme driving global markets. The clearest warning sign is the emergence of a ādual shockā of rising oil prices and climbing Treasury yields. In a typical geopolitical crisis, investors seek safety in bonds, pushing yields lower. This time,…