$BZ Brent hits a historic high, reaching 100
On September 10, Brent crude broke through $100 per barrel for the first time since May 22, rising 0.44% intraday.
Technical outlook: After a deep pullback in June and July, it bottomed out in early August and rebounded, forming a “V-shaped” reversal. Trading volume supported the break above the 100 level, indicating that the bulls have returned. The previously pessimistic expectations of weakening demand are being revised.
Core logic: Escalation of the Middle East situation—Iran has taken direct action against U.S. warships and oil tankers. The Strait of Hormuz, which handles the lifeline of 20 million barrels of crude oil every day, is under threat. The geopolitical risk premium has not been fully priced in, so the oil price is unlikely to stop after merely touching 101.
Trading approach:
Go long: Enter on a pullback to around 97–98. This is the launch platform for the current upswing and the bulls’ defensive floor.
Stop loss: 94. A break below it would indicate that the geopolitical thesis has changed.
Targets: 100–102. After breaking above the prior high at 101, upside space opens up; 102 is just the first target.
In short: Geopolitical conflict supports oil prices; buy on pullbacks, targeting above 102.#苹果发布首款折叠屏手机
On September 10, Brent crude broke through $100 per barrel for the first time since May 22, rising 0.44% intraday.
Technical outlook: After a deep pullback in June and July, it bottomed out in early August and rebounded, forming a “V-shaped” reversal. Trading volume supported the break above the 100 level, indicating that the bulls have returned. The previously pessimistic expectations of weakening demand are being revised.
Core logic: Escalation of the Middle East situation—Iran has taken direct action against U.S. warships and oil tankers. The Strait of Hormuz, which handles the lifeline of 20 million barrels of crude oil every day, is under threat. The geopolitical risk premium has not been fully priced in, so the oil price is unlikely to stop after merely touching 101.
Trading approach:
Go long: Enter on a pullback to around 97–98. This is the launch platform for the current upswing and the bulls’ defensive floor.
Stop loss: 94. A break below it would indicate that the geopolitical thesis has changed.
Targets: 100–102. After breaking above the prior high at 101, upside space opens up; 102 is just the first target.
In short: Geopolitical conflict supports oil prices; buy on pullbacks, targeting above 102.#苹果发布首款折叠屏手机
