Oil News: Weather-War Premium Lifts Crude Oil as Iran Tensions Simmer
FX Empire·2026-01-26 19:08

The key support today is the 200-day moving average at 60.51.Ifitfailstoholdthenbuyerswillhaveanotheropportunitytoreenterat5060.51. If it fails to hold then buyers will have another opportunity to re-enter at 50% levels at 59.80, 58.93and58.93 and 58.52. This entire support base is being propped up by the 50-day moving average at $58.34.With the main trend up according to both the swing chart and the moving averages, the market is currently in “buy the dip” mode.On the upside, if momentum continues to build above the 200-day moving average, then look for a run into the main top a ...

Oil News: Weather-War Premium Lifts Crude Oil as Iran Tensions Simmer - Reportify