Price is at historically significant level, daily made higher highs and currently respecting the swing low at 66.255. Mentions in the middle east as well as election uncertainty in the US may push price higher. There is also the gap down from weekly open that is likely to be filled. Any major escalation between Iran and Israel may cause a spike up in price. If the oil supply chain is disrupted price could hit 110.00 long term.
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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.