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Iran retaliated for Israel’s ground invasion of Lebanon yesterday, sending crude sharply higher. The geopolitical question now lies in the extent of Israel’s response.Yesterday’s Close: Settled at 69.83, up 1.66 [+2.44%]
WTI Crude Oil futures have pinged resistance aligning with the September 3rd fallout and the September 24th high at 72.40-72.65. Above here, we have rare major four-star resistance at... Want to stay informed about energy markets? Subscribe to our daily Energy Update for essential insights into Crude Oil and more. Get expert technical analysis, proprietary trading levels, and actionable market biases delivered straight to your inbox. Sign up now for free futures market research from Blue Line Futures! Sign Up for Free Futures Market Research – Blue Line Futures On the date of publication, Bill Baruch did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. |
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