Oil opened with a gap after U.S. and Israel’s treacherous attack on Iran while the Iranian Revolutionary Guard announced the closing of Hormuz.
Such disruptions could cause more spikes on Oil prices which could lead for a further advance.
As we see over the chart, prices are facing supports at 69.15 and 67.50 while the advance could continue towards 77.45 and 79.45.
Below 67.45 more of a drop could hit the market with support at 63.80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 69.15 | 73.25 |
| LEVEL2 | 67.50 | 77.45 |
| LEVEL3 | 63.80 | 79.40 |
