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#BRENT #UKOIL
Friends, after Iran’s Strait of Hormuz move, the pricing speed in the #Oil sector has increased.
But this rise is not only news-driven.
The long-standing downward trend break in the chart and the technical structure also support the upward movement.
📌 Real-time price: ~83$
📌 Critical resistance: 87$
The 87$ level is an important threshold.
If this area is broken with high volume, the gap above is quite wide.
🎯 Target in case of a break: 125–126$ region.
Of course, the course of the war and developments in the strait will be decisive.
Oil is one of the instruments most quickly affected by geopolitics.
🔴 Strong support zone: 58–59$
Currently, momentum is upward.
But 87$ is the decision level.
Stay tuned.