White House says "unlimited escalation"! How high can $CL go?



Fellow traders, the US-Iran conflict is dragging on, and the White House laid its cards on the table today.

News side:
White House officials revealed that the exchange of fire could last for days or even weeks, depending on whether Iran continues to attack commercial ships. Diplomacy has stalled, military pressure is back at the core of Trump's strategy, and the White House believes there is "plenty of room for escalation." Hundreds of oil tankers have already left the Gulf early, and the risk of supply disruption is real.

Technical side:
Current price is running just below the upper BOLL band, with volume shrinking.
MACD shows a death cross signal, short-term momentum weakening.
Resistance above: 75.5-76.0, break above targets 77.0.
Support below: 73.3, strong support at 71.5.
Gongming's view:
Geopolitical positives remain, but overbought technicals + shrinking volume increase the risk of chasing highs. Waiting for a pullback before going long is more prudent.

Trading strategy:
Conservative: go long on a pullback to around 73.3-73.8.
Aggressive: go long at current price around 74.3.
While others chase rallies, we wait for a pullback.
#美终止对伊朗石油制裁豁免
CL-1.81%
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
  • Pinned