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$WTI price structure remains clearly bullish.🛢
Bulls holding above the $84 weekly level. If that holds, the road to $140+ is open. Just a matter of time.
Remember - I called this at $80 during the flash crash, when everyone was bearish. Now trading at $102+.
Key resistance on the way:
$120 zone. A clean break there and $140+ becomes the next real target.
Worth keeping in mind - if oil reaches those levels, the macro consequences will be serious.
Inflation re-acceleration, central bank pressure, and risk assets will feel the impact. 🚨
Levels on the chart.
#WTIOIL #IranWar