The situation in the Middle East remains tense. Although progress has been made in the Iranian nuclear negotiations, the outcome of the negotiations is full of uncertainties. There are numerous contradictions between the United States and Iran, and Israel is also eyeing Iran's nuclear facilities. Once a conflict breaks out, Iran's crude oil production and exports will be hindered, and oil transportation channels in the Middle East may also be affected, leading to a significant reduction in global crude oil supply. As a result, oil prices will likely rise rapidly. Such potential geopolitical risks provide room for imagination for the rise in crude oil prices.
USOIL Today's Trading Strategy Hope this helps you
USOIL BUY@60.5~61
SL:59.5
TP:61.5~62
USOIL Today's Trading Strategy Hope this helps you
USOIL BUY@60.5~61
SL:59.5
TP:61.5~62
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.