While the last post covered what's happening, this angle is how to trade it. After three days of extremely tight compression around $88, the US strike on IRGC positions near Larak Island (Aug 30) plus Iran's missile launch at a US base in Jordan (intercepted) triggered the breakout: Brent cleared $90 (+2%+) , WTI above $85. But at these levels, the headlines are already priced in — the real question is whether $90.5 breaks for new highs, or becomes a local top for sell-the-news .
Current tape: $BZ ≈ $90.4 (high $90.52, 02:55 UTC Aug 31). The rally ran $88.1 → $90.44, pulled back to $89.05 (holding above the breakout origin at $88.1 — a healthy sign), then reclaimed $90.38 — a classic bull flag structure . Measured move off the ~$2.3 flagpole targets ~ $92.4 , aligning with the daily resistance at $93.5.
📊 1H setup $BZ (Brent Oil Derivatives), no table — plain levels:
💥Long continuation (preferred): look for a retest of $89.5–$89.9 or a confirmed break > $90.55 .
💥Stop below $88.9 (under the $89.05 low).
💥Targets $91.5 → $92.5 → $93.5 — roughly a 1:2.2 to 1:4.7 risk-reward.
Fade breakdown (only if $89.05 gives way): short below $89.0 , stop $90.0 , targets $88.1 → $87.5 — about 1:1.5.
#hormuzstraitfightingreignites #YenFallsDespite$97BJapanSupport #KoreaSingleStockLeveragedETFTradingFalls #VenezuelaUSSign25YearOilDeal #TrumpReachesVenezuelaOilDealOn17Fields
Current tape: $BZ ≈ $90.4 (high $90.52, 02:55 UTC Aug 31). The rally ran $88.1 → $90.44, pulled back to $89.05 (holding above the breakout origin at $88.1 — a healthy sign), then reclaimed $90.38 — a classic bull flag structure . Measured move off the ~$2.3 flagpole targets ~ $92.4 , aligning with the daily resistance at $93.5.
📊 1H setup $BZ (Brent Oil Derivatives), no table — plain levels:
💥Long continuation (preferred): look for a retest of $89.5–$89.9 or a confirmed break > $90.55 .
💥Stop below $88.9 (under the $89.05 low).
💥Targets $91.5 → $92.5 → $93.5 — roughly a 1:2.2 to 1:4.7 risk-reward.
Fade breakdown (only if $89.05 gives way): short below $89.0 , stop $90.0 , targets $88.1 → $87.5 — about 1:1.5.
#hormuzstraitfightingreignites #YenFallsDespite$97BJapanSupport #KoreaSingleStockLeveragedETFTradingFalls #VenezuelaUSSign25YearOilDeal #TrumpReachesVenezuelaOilDealOn17Fields
