Crude Oil is still holding an uptrend wave with escalating tensions between US-Israel and Iran,
The market has begun to absorb Trump’s continued rhetoric regarding eliminating Iran and reopening the Strait of Hormuz, keeping the pressure for more advance on Oil prices.
As we see from the chart, the market is facing a support zone around 91.40-90.40, which could keep the advance going towards targets 101.50 and 104.35.
Below 90.40, the chance for a further drop wave towards 81.50 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 93.80 | 95.65 |
| LEVEL2 | 91.40 | 99.50 |
| LEVEL3 | 90.40 | 101.50 |