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Crude Oil Price Analysis: Key Resistance Levels in Focus Amid Supply Risks
FX Empire· 2026-08-19 21:41
But let’s be honest, the oil markets right now aren’t really so much about technicals, and they’re a lot more about what the next headlines coming from the Strait of Hormuz, Iran, the United States, and the Strategic Petroleum Reserve are. And really at this point in time, there’s a lot of external noise. It seems like the $85 level is offering a little bit of resistance, but it would only take one incident, and we could see this market just go slicing through it like it isn’t even there.That’s been the nat ...