WTI is forming a bullish structure with potential for further upside. Geopolitical tensions between the U.S. and Iran are adding pressure to the supply side, supporting higher oil prices. A long position aligns with both technical momentum and the increasing risk premium.
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.
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.