$BZ is setting up for another move ...
Price has pulled back toward the trendline while the overall structure is still holding — for me, this is an interesting area to watch for a long setup.
The bigger picture is also important: oil has been extremely sensitive to Middle East supply disruptions, tanker attacks and developments around the Strait of Hormuz, while recent headlines have also brought some easing in supply concerns.
If the bullish structure survives and buyers step back in, $BZ could make another strong push toward the previous highs. ( 110$ + )
Price has pulled back toward the trendline while the overall structure is still holding — for me, this is an interesting area to watch for a long setup.
The bigger picture is also important: oil has been extremely sensitive to Middle East supply disruptions, tanker attacks and developments around the Strait of Hormuz, while recent headlines have also brought some easing in supply concerns.
If the bullish structure survives and buyers step back in, $BZ could make another strong push toward the previous highs. ( 110$ + )
