Key takeaways Oil surges amid geopolitical supply fears: West Texas Intermediate crude oil jumped as much as 30% intraday to $119.54, marking its highest level since 2022, driven by concerns that the US–Iran war in 2026 could disrupt global energy flows through the Strait of Hormuz. Pullback after potential strategic reserve release: Prices later retraced […]
The post Chart Alert: WTI Crude Oil Key Short-Term Support at $102.25 for Another 20% Rally appeared first on ActionForex.
Daily Pivots: (S1) 0.7781; (P) 0.7810; (R1) 0.7838; More…. Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of Read more…
Daily Pivots: (S1) 1.3333; (P) 1.3372; (R1) 1.3431; More… GBP/USD is still bounded in range above 1.3252 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3574 resistance holds, in Read more…
Daily Pivots: (S1) 1.1563; (P) 1.1594; (R1) 1.1641; More…. Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.2081 should target 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. Read more…