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Crude Oil Futures

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OIL rejected by neckline of 73 now must retest previous all time lows


OIL Israel strikes South Pars gas field in Iran, part of the world's largest natural gas field.

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OIL oil is about to start pumping. Getting ready to short. Sorry this middle east war pump is not going to be sustainable. The range is descending and I have absolutely no reason to bet against this trend. Zoom out.

OIL
Oil prices surged by 6–10% within minutes, with Brent and WTI recording the largest daily gains since May 2022. This spike followed Israel's airstrikes on Iran’s nuclear and military facilities, which reportedly killed senior commanders and scientists. Iran, which plays a top oil player and gatekeeper of the Strait of Hormuz—a passageway for nearly 20% of global oil supply—has declared a state of emergency, and any retaliation that threatens tanker movement or damages infrastructure in key Gulf nations (Saudi Arabia, UAE, Iraq) could push oil prices toward $120+/barrel as a risk premium is being priced in.
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OIL looking good to break the top trend line for a buy...have to wait and see how it reacts to market liquidity...don't rush money, chase confirmations...trade safe