OIL COULD BE ONE HEADLINE AWAY FROM GOING PARABOLIC.
WTI broke out of a multi-month descending channel.
If U.S.-Iran tensions escalate and energy/shipping disruptions increase, the market could price in another supply-risk premium.
$88 retest → $108 → potentially $130+.
But if diplomacy actually cools tensions, this setup can unwind fast.
WTI broke out of a multi-month descending channel.
If U.S.-Iran tensions escalate and energy/shipping disruptions increase, the market could price in another supply-risk premium.
$88 retest → $108 → potentially $130+.
But if diplomacy actually cools tensions, this setup can unwind fast.
