Next Week's Crude Oil Trend Analysis
(1) Price Movement and Market Sentiment
The crude oil market on last Friday (June 21) resembled a roller coaster that slightly dipped at the end. WTI crude oil futures closed at $74.93 per barrel, down 0.28% from the previous day, but still up 2.67% for the entire week; Brent crude oil fell more, dropping 2.33% to close at $77.01 per barrel. This is analogous to driving uphill, slightly sliding back near the peak but still trending upward overall. Investors now have mixed feelings: while worrying that escalating Middle East tensions will push oil prices higher, they also believe the U.S. may not intervene in the conflict immediately, so oil prices may not rise temporarily. As a result, everyone is on the sidelines, hesitant to trade.
(2) Geopolitics: Where is the Switch on the Powder Keg?
The Middle East is now like a barrel filled with gunpowder, and whether the U.S. will throw a match has become crucial. Israel and Iran are still attacking each other—Israel bombed Iran's gas fields, and Iran struck Israel's refineries. More tensely, the U.S. said it would decide whether to join the conflict in the next two weeks, and five aircraft carriers have already headed to the Middle East, like placing a lighter beside the powder keg, ready to ignite the fire at any moment. However, the market thought the U.S. might not take action immediately last Friday, so oil prices fell slightly first.
There is also the critical Strait of Hormuz. Iran has been threatening to block it. If it actually does, 20% of global maritime crude oil transportation will be affected, and oil prices may soar like a rocket. Now the market is like watching a suspense movie, not knowing when Iran will press the "blockade" button or talk about a ceasefire with Europe.
Next week's crude oil market will swing between geopolitical risks and supply-demand changes. If Middle East conflicts ease, the impact of OPEC+ production increases may emerge, and oil prices may fall; if conflicts escalate, especially if Iran blocks the Strait of Hormuz, oil prices may rise sharply. Investors should flexibly adjust their trading strategies according to the actual market conditions and not stubbornly adhere to one view. At the same time, it is necessary to stay calm, not be affected by short-term market fluctuations, and avoid making impulsive trading decisions.
Analysis of crude oil trend next week, hope it helps you
USOIL sell@74.5~75
SL:76
TP:73.5~73
(1) Price Movement and Market Sentiment
The crude oil market on last Friday (June 21) resembled a roller coaster that slightly dipped at the end. WTI crude oil futures closed at $74.93 per barrel, down 0.28% from the previous day, but still up 2.67% for the entire week; Brent crude oil fell more, dropping 2.33% to close at $77.01 per barrel. This is analogous to driving uphill, slightly sliding back near the peak but still trending upward overall. Investors now have mixed feelings: while worrying that escalating Middle East tensions will push oil prices higher, they also believe the U.S. may not intervene in the conflict immediately, so oil prices may not rise temporarily. As a result, everyone is on the sidelines, hesitant to trade.
(2) Geopolitics: Where is the Switch on the Powder Keg?
The Middle East is now like a barrel filled with gunpowder, and whether the U.S. will throw a match has become crucial. Israel and Iran are still attacking each other—Israel bombed Iran's gas fields, and Iran struck Israel's refineries. More tensely, the U.S. said it would decide whether to join the conflict in the next two weeks, and five aircraft carriers have already headed to the Middle East, like placing a lighter beside the powder keg, ready to ignite the fire at any moment. However, the market thought the U.S. might not take action immediately last Friday, so oil prices fell slightly first.
There is also the critical Strait of Hormuz. Iran has been threatening to block it. If it actually does, 20% of global maritime crude oil transportation will be affected, and oil prices may soar like a rocket. Now the market is like watching a suspense movie, not knowing when Iran will press the "blockade" button or talk about a ceasefire with Europe.
Next week's crude oil market will swing between geopolitical risks and supply-demand changes. If Middle East conflicts ease, the impact of OPEC+ production increases may emerge, and oil prices may fall; if conflicts escalate, especially if Iran blocks the Strait of Hormuz, oil prices may rise sharply. Investors should flexibly adjust their trading strategies according to the actual market conditions and not stubbornly adhere to one view. At the same time, it is necessary to stay calm, not be affected by short-term market fluctuations, and avoid making impulsive trading decisions.
Analysis of crude oil trend next week, hope it helps you
USOIL sell@74.5~75
SL:76
TP:73.5~73
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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.
Free signal channel ：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
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.