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#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, cutting off Middle Eastern oil exports. However, oil prices only rose slightly and have not yet broken through $100. Will oil prices surge significantly later? How should we plan? Little God of Wealth will briefly discuss with everyone.
Price trend: 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 average system has shifted from support to resistance, and 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 driver: 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 remains unresolved.