Market investors' expectations and sentiment toward the crude oil market significantly influence oil price trends. When geopolitical conflicts break out in the Middle East, investors fear disruptions to crude oil supplies, panic spreads rapidly, and large amounts of funds flow into the crude oil market, driving oil prices to surge sharply in the short term. After news of the escalation of the Israel-Iran conflict emerged, international oil prices once soared by more than 10%, with WTI crude oil futures breaking through $77 per barrel and Brent crude oil futures exceeding $78 per barrel at their highest. However, when market expectations suggest the conflict will ease, or news indicates that crude oil supplies will not be substantially affected, investor sentiment stabilizes, and oil prices may correct accordingly. Additionally, market expectations for the global economic outlook affect crude oil demand expectations, thereby influencing oil prices. If the market generally expects accelerated economic growth, crude oil demand expectations rise, supporting oil prices; conversely, if an economic recession is anticipated, oil prices will face downward pressure.
In summary, multiple possibilities exist for future crude oil price trends. If geopolitical conflicts in the Middle East continue to deteriorate and Iran takes tough retaliatory measures such as blockading the Strait of Hormuz, oil prices are likely to continue soaring significantly. However, if the conflict eases and OPEC+ successfully increases production, with crude oil supplies rising to meet demand, oil prices may experience a marked correction.
Today's crude oil trading strategy, I hope it will be helpful to you
USOIL BUY70~71
SL:69
TP1:72~73
In summary, multiple possibilities exist for future crude oil price trends. If geopolitical conflicts in the Middle East continue to deteriorate and Iran takes tough retaliatory measures such as blockading the Strait of Hormuz, oil prices are likely to continue soaring significantly. However, if the conflict eases and OPEC+ successfully increases production, with crude oil supplies rising to meet demand, oil prices may experience a marked correction.
Today's crude oil trading strategy, I hope it will be helpful to you
USOIL BUY70~71
SL:69
TP1:72~73
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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.