Key Takeaways West Texas Intermediate crude oil remains strongly supported by ongoing geopolitical tensions after hopes for renewed US-Iran peace talks faded, increasing the risk of a prolonged Strait of Hormuz disruption and sustained global energy supply tightness. Prediction market data from Polymarket shows sharply declining probabilities of shipping traffic normalising in the Strait of […]
The post Chart Alert: WTI Crude Is Poised for a Potential Volatility Bullish Breakout Above $102.54/bbl appeared first on ActionForex.
