WTI USOIL 12H - Oil Edges Down on Thursday
WTI Crude Oil Futures Dip Amid Geopolitical Concerns
WTI crude oil futures fell to $74.80 per barrel on Thursday, following a 2.8% increase in the previous session. Investors are concerned about potential retaliatory strikes by Iran against Israel, in response to recent assassinations of Hamas and Hezbollah leaders. Despite these tensions, Iran's president hinted at possible diplomatic efforts to de-escalate the situation during a call with France.
Oil Edges Down on Thursday
Bullish Scenario:
For a bullish trend, the price should stabilize above $75.35, targeting $77.94 and potentially $79.49.
Bearish Scenario:
Stability below $75.35, confirmed by a 4-hour candle close, could lead to a drop towards $73.90 and $72.80.
Key Levels:
- Pivot Line: $75.35
- Support Levels: $73.90, $72.80, $69.80
- Resistance Levels: $77.94, $79.49, $80.73
Today's Expected Range:
The price is anticipated to move between the support at $72.72 and the resistance at $77.95.
previous idea:
WTI crude oil futures fell to $74.80 per barrel on Thursday, following a 2.8% increase in the previous session. Investors are concerned about potential retaliatory strikes by Iran against Israel, in response to recent assassinations of Hamas and Hezbollah leaders. Despite these tensions, Iran's president hinted at possible diplomatic efforts to de-escalate the situation during a call with France.
Oil Edges Down on Thursday
Bullish Scenario:
For a bullish trend, the price should stabilize above $75.35, targeting $77.94 and potentially $79.49.
Bearish Scenario:
Stability below $75.35, confirmed by a 4-hour candle close, could lead to a drop towards $73.90 and $72.80.
Key Levels:
- Pivot Line: $75.35
- Support Levels: $73.90, $72.80, $69.80
- Resistance Levels: $77.94, $79.49, $80.73
Today's Expected Range:
The price is anticipated to move between the support at $72.72 and the resistance at $77.95.
previous idea:
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SM World and Economy News 24/7
Urgent News ⚡️:
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.