#Gate广场四月发帖挑战

The Middle East oil valve has closed again. Where are oil prices headed?

The Strait of Hormuz was open for less than a day before closing again. This morning, due to Israel's attack on Lebanon, Iran's retaliatory response led to the Strait of Hormuz being blocked once more. The critical route for Middle Eastern oil exports has been cut off again, but oil prices only rose slightly and have not yet broken through $100. Will oil prices surge significantly later? How should we position ourselves? Little Wealthy shares some brief thoughts with everyone.

‌Price Trends‌: Brent crude oil is at ‌$93.83–$94.75 per barrel‌, WTI crude oil is at ‌$94.31–$96.25 per barrel‌, a rise of 3%.

‌Technical Signals‌: RSI has not entered the oversold zone, MACD green bars continue to expand, moving averages have shifted from support to resistance, and the overall technical rating is "‌Strong Sell‌."

‌Key Resistance Levels‌: ‌$112.00‌ (previous high), ‌$105.00‌ (psychological round number).

‌Key Support Levels‌: ‌$90.00–$92.00‌ (psychological support zone), ‌$88.50‌ (50% Fibonacci retracement level).

‌Core Drivers‌: The US-Iran ceasefire agreement has been broken, and the closure of the Strait of Hormuz dominates market sentiment. OPEC+ production increase expectations in May are heating up, but the issue of oil export transportation remains unresolved.

Trading suggestion: Consider going long near $96, with a stop-loss at $90.