Crude Oil opened with a gap price higher after Israel’s attack on Iran Fuel tanks.
The market witnessed a fast advance after the Iranian Revolutionary Guard threatened to target energy facilities if Israel continued targeting its fuel installations.
Traders must be careful as Crude Oil trading inside the heavy overbought zone which could cause major volatility if U.S. and Israel stop targeting the iranian Oil facilities.
However, Intraday levels show support around 108.00 which could open the door for more advance or for drop toward 98.75.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 108.00 | 115.00 |
| LEVEL2 | 98.75 | 123.50 |
| LEVEL3 | 90.00-50 | 130.50 |