Oil prices recently surged toward the $94–$95 zone as supply fears increased due to escalating tensions in the Middle East and tanker attacks near the Strait of Hormuz.
This region is one of the most important oil shipping routes globally, and any disruption can significantly impact supply expectations.
Trading Outlook
📈 Bullish Scenario
If crude oil sustains a move above $95.50, the market could extend the rally toward $98 and potentially the psychological $100 level.
📉 Bearish Scenario
Failure to break above $95 may trigger profit-taking, pushing prices back toward $91–$89 support levels.
Key Levels
Resistance
• $95.50
• $98.00
• $100.00
Support
• $91.80 – $90.20
• $87.50 – $85.00
📌 The reaction around the $95 zone will likely determine whether oil continues its rally or enters a short-term correction.
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