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Figure Heloc 
Rabobank’s Senior Macro Strategist Bas van Geffen notes that concerns over the Middle East and the closure of the Strait of Hormuz have pushed Oil prices higher, with Dated Brent moving above $111.
💡 DMK Insight
Oil prices just crossed $111, and here’s why that matters: geopolitical tensions in the Middle East are escalating, particularly around the Strait of Hormuz, a critical chokepoint for global oil supply. For traders, this spike isn’t just a number; it signals potential volatility ahead. If tensions continue, we could see further price increases, impacting not just oil but related markets like energy stocks and even currencies tied to oil exports. Watch for resistance levels around $115, as a breach could trigger more buying pressure. Conversely, if tensions ease, a pullback could test support around $105. Keep an eye on news from the region, as any developments could shift market sentiment rapidly.
📮 Takeaway
Monitor oil prices closely; a break above $115 could lead to further gains, while a drop below $105 may signal a correction.
