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Figure Heloc 
FUNDAMENTAL
OVERVIEWOil prices continue to
consolidate around the recent highs as the US-Iran war enters the fourth week. On
Friday, the Wall Street Journal reported that the US was deploying warships and
thousands of additional Marines to the Middle East, despite Trump’s earlier
assurances that he wouldn’t put American boots on the ground in Iran.CBS News later reinforced
those reports, saying the administration was making significant preparations
for the possible use of ground troops in Iran.Over the weekend, Trump
issued an ultimatum to Iran to reopen the Strait of Hormuz within 48 hours or
face strikes on key infrastructure. That deadline is set to expire later today,
and it doesn’t appear Iran is willing to comply, which will keep traders on
edge.Until we get a real
de-escalation, the path of least resistance for oil prices remains to the
upside, with limited room for a meaningful correction.CRUDE OIL
TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can
see that crude oil is consolidating between the 93.00 support and the 100.00
handle. There’s not much we can glean from this timeframe, so we need to zoom
in to see some more details. CRUDE OIL TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can
see more clearly the consolidation between the 93.00 support and the 102.47 level.
The buyers will likely continue to step in around the support with a defined
risk below it to keep pushing into new highs, while the sellers will look for a
break below the support to pile in for a drop back into the 80.00 handle next.CRUDE OIL TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, there’s
not much else we can add here as traders will likely continue to play the range
until we get a breakout on either side. The red lines define the average daily range for today.UPCOMING CATALYSTSTomorrow we have the US PMIs. On Thursday, we get the latest US Jobless Claims
figures. As a reminder, the focus is mainly on the US-Iran war, so keep an eye
on the headlines.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Oil prices are holding steady near recent highs, and here’s why that matters for traders: With the US-Iran conflict escalating, geopolitical tensions are driving volatility in energy markets. Traders should keep an eye on how these developments impact oil supply and demand dynamics. As oil prices consolidate, any further military actions could trigger sharp price movements, especially if they disrupt supply routes. For those trading oil-related assets or currencies, understanding the correlation with broader market sentiment is crucial. Additionally, keep an eye on technical levels; if oil breaks above key resistance points, it could signal a bullish trend that might spill over into related markets like energy stocks or even currencies tied to oil exports. On the flip side, if tensions de-escalate or if there’s a significant diplomatic breakthrough, we could see a rapid correction in oil prices. Traders should monitor the news closely and consider using options strategies to hedge against sudden price swings. Watch for key price levels in oil futures and related equities, as these will guide your trading decisions in the coming weeks.
📮 Takeaway
Monitor oil prices closely; any escalation in the US-Iran conflict could push prices above key resistance levels, impacting related assets significantly.
