Oil is edging higher as no progress is being made on a peace deal and Strait volume remains low. A breach below 98-100 opens the door to a test of the 81 level, though I think the odds of seeing this soon are very low, given that Iran will give up neither its nuclear program nor its control of the Strait. A breach above the 115-117 area opens the door to 140.
Oil is edging higher as no progress is being made on a peace deal and Strait volume remains low. A breach below 98-100 opens the door to a test of the 81 level, though I think the odds of seeing this soon are very low, given that Iran will give up neither its nuclear program nor its control of the Strait. A breach above the 115-117 area opens the door to 140.
