USOIL chart - Trading View
WTI crude oil prices spiked over 2.30% and were trading at $68.59 at the time of writing.
Oil markets were buoyed after the OPEC+ alliance forecasts a tightening global market ahead of a production policy meeting.
A robust recovery in the U.S. and Europe has given OPEC+ reason to believe that markets can absorb additional supply, should Iran nuclear deal be revived.
Further, OPEC Secretary-General Mohammad Barkindo said at a meeting on Monday that Iran’s comeback “will occur in an orderly and transparent fashion.”
He noted that the event will not upset the current stability that other OPEC+ nations have toiled to achieve.
Oil prices trade with a strong bullish bias. Momentum studies are strongly bullish. 200-month MA at 69.89 in sight.


EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD hovers near one-week low, outlook bearish 



