Geopolitical news directly ignites oil prices!


The situation in the Strait of Hormuz escalates, and market fears of supply disruptions push $WTI crude oil prices higher, with intraday spikes to $104.44, now at $103.16, a volatility of over 5% in 24 hours.
From the chart, oil prices have broken through the hourly MA99 resistance level, with short-term bullish sentiment prevailing, trading volume also increasing, and funds rapidly pricing in geopolitical risks.
This uncertainty will continue to cause volatility in commodities and crypto markets, so keep a close eye on the macro market in the coming days.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin