Oil Caught Between Politics and Reality — Upside Still in Play
Yesterday oil fell by almost -17% just because Trump said he was holding talks with Iran and that a deal could be reached soon.
This created this huge sell-off in hopes that stopping the war could improve the Strait of Hormuz.
Given that Trump’s comments were denied by the Iranian government, oil started to rise again. Which is the truth no one knows, but oil could rise further if we don’t get any real updates.
The conflict in the Middle East could escalate even further despite Trump and the G7 wanting to keep the price of oil low.
Short Term Targets:
$96 and $100
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Yesterday oil fell by almost -17% just because Trump said he was holding talks with Iran and that a deal could be reached soon.
This created this huge sell-off in hopes that stopping the war could improve the Strait of Hormuz.
Given that Trump’s comments were denied by the Iranian government, oil started to rise again. Which is the truth no one knows, but oil could rise further if we don’t get any real updates.
The conflict in the Middle East could escalate even further despite Trump and the G7 wanting to keep the price of oil low.
Short Term Targets:
$96 and $100
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Note
🆘Oil falls on report of possible one-month ceasefire under Witkoff-Kushner planOil fell after a report of a possible one-month ceasefire encouraged traders to price out some geopolitical risk premium.
🔴Oil prices moved lower after a report suggested ceasefire efforts may be gaining traction.
🔴Israeli Channel 12 said a one-month ceasefire could be announced.
🔴The report said the mechanism is being developed by Steve Witkoff and Jared Kushner.
🔴The headline points to a possible cooling in immediate geopolitical risk.
🔴For energy markets, the reaction is consistent with some war-risk premium being priced out.
Trade active
OIL: Remains Bullish Above 93.30
After the news of a possible one-month ceasefire under the Witkoff-Kushner plan came out, the price of oil fell from 93 to 86.50 and again oil found a strong support and is rising again.
Given that Iran does not agree to the US conditions and that the Strait of Hormuzremains controlled by Iran, then the price of oil can rise further.
The problem I see is that only Trump and the G7 want to bring it down with all the manipulated ways, but if this war does not stop, then oil has only one way... UP
OIL price increased above the structure again by showing a clear sign of a bigger bullish movement
Trade closed: target reached
OIL - Posted on 26-March-2026
Two Targets Reached
✅OIL reached both targets in a very ugly way driven by the crazy Geopolitical situation. It's required to be careful at this price level despite because Trump is doing everything possible to push the price down and $100 is a pivot price area.
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.