Oil Prices Surge Amid Threat of Strike on IranOil Prices Surge Amid Threat of Strike on Iran
As shown on today’s XBR/USD chart, Brent crude oil prices have jumped (as indicated by the arrow) to a one-week high. This surge follows U.S. intelligence reports suggesting that Israel may be preparing to strike Iran’s nuclear facilities.
Although C
Brent Oil Update 23-May-25Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, ne
Brent Crude Breaks Lower: Iran Deal Could Add 800K BarrelsBrent crude has dropped over 2% following news that the US and Iran may strike a deal, potentially adding 800,000 barrels per day to global supply. We explore the technical setup, including a wedge pattern and the risk of a deeper fall.
This content is not directed to residents of the EU or UK. A
Brent Crude Oil INTRADAY resistance at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets
BRENT outlook: Watching for a move toward the upper boundary (D)Price is currently trading within a broad range, and the main expectation is a move toward the upper boundary — but confirmation is key.
I'm watching the high of the May 22 bar as a key level, since it holds the highest traded volume in recent days.
If price breaks and holds above 64.987 ,
🎯 First
Dive into the oil storm of 2025!In 2025, oil prices declined due to rising output from OPEC+ countries, growing inventories in the U.S., weakening global demand, a stronger dollar, and ongoing trade tensions between major economies. Further pressure came from OPEC+’s plan to boost production by 411,000 barrels per day — three tim
XBRUSD is moving within the 63.20 - 65.75 range👉🏼 Possible scenario:
Oil prices climbed on May 26 after President Trump extended the EU trade deal deadline to July 9, easing concerns over potential U.S. tariffs.
Brent and WTI rose on May 23 as stalled U.S.-Iran nuclear talks dimmed hopes for increased Iranian oil supply, while U.S. buyers cover
Brent Crude Oil Weekly Short Trade SetupBrent Crude Oil Weekly Short Trade Setup (as of May 22, 2025)
This chart reflects a prolonged downtrend within a clearly defined descending channel. Brent Crude Oil continues to respect the dynamic resistance of the upper boundary and has failed to sustain bullish momentum in recent months. The curr
Brent crude oil Wave Analysis – 21 May 2025
- Brent crude oil reversed from key resistance level 66.00
- Likely to fall to support level 62.00
Brent crude oil recently reversed down from the key resistance level 66.00, which has been reversing the price from the start of April, as can be seen from the daily Brent crude oil chart below.
Th
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.