The market's initial reaction to Iran's attack on Israel was fairly muted, with major contracts seeing little price movement. There had been concerns that Iran's attack on Israel heralded a significant escalation of the conflict in the Middle East, and that oil prices would rise as concerns about possible supply disruptions intensified. But oil prices are currently relatively benign, with global benchmark crude oil futures and West Texas Intermediate crude oil futures showing little change. However, the overall trend remains bullish. Currently trading sideways at high levels, we are still considering a long trading strategy at low levels today.
As shown in the figure, the strategy suggestions are: go long near 85-84.8, defend around 84.2, and target around 86-87.5.
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Cooperate with me and you will find that making money is so easy
