Market data
Current provider snapshot
Separate from the author's published editorial outlook.
WTI
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Source: disabledMarket context
CL opens the new trading week with a sharp geopolitical reversal. U.S. forces struck two Iranian missile launchers on Larak Island in the Strait of Hormuz on Sunday. Iran subsequently retaliated against U.S. positions, sharply increasing the probability of renewed disruption to Gulf shipping.
Trade scenario
Bias: Bullish
Timeframe: 1H
Entry: $85.000
Stop loss: $84.765
Target 1: $86.000
Target 2: $86.600
Risk/reward: 1:1 or 1:2
Primary risk factor
U.S.–Iran Military Escalation. The central market driver has changed dramatically.
Primary risk factors
What could change the outlook
- U.S.–Iran Military Escalation. The central market driver has changed dramatically.