Altcoins News
By Dan Saada
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Triangle Pattern Points to a Breakout. The daily Brent crude chart has been building a symmetrical triangle since March 19.
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Inventories Are Running Thin. The IEA's inventory warning was already making rounds before Trump's post added fuel.
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What Traders Are Watching Now. Diplomatic signals are the other half of the equation. U.S.
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Brent crude hit nearly $111 on Monday. That's where things stand after Donald Trump posted a stark message on Truth Social over the weekend — Iran's "clock is ticking," he wrote…
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The warning landed hard. Fears of a fresh Middle East conflict surged almost immediately, and those fears aren't coming out of nowhere.
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The daily Brent crude chart has been building a symmetrical triangle since March 19. It's now somewhere between 70 and 80 percent of the way to its apex, which basically means a…
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The Relative Strength Index sits near 58. If it crosses 60, that's generally read as upward momentum building. It's not there yet, but it's close enough that traders are watching.
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Zoom into the four-hour chart and Brent's been bouncing inside a horizontal channel, support at $94, resistance around $115.
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It's a tight setup. Traders are basically waiting on either the charts or the headlines to force the issue.
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See also: CME and ICE Want Hyperliquid Regulated Out of 24/7 Oil Trading
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The IEA's inventory warning was already making rounds before Trump's post added fuel. Swiss bank UBS went further — it's forecasting that global oil stockpiles could fall to…
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That's kind of the core problem right now. The cushion is thin. The geopolitical risk is high. And the technical setup is primed for a sharp move in either direction.
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The Hormuz situation isn't new, but it's not getting better either. Tehran's blockade of the waterway has been dragging on, and U.S. sanctions haven't loosened.
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Diplomatic signals are the other half of the equation. U.S.-Iran negotiations — such as they are — remain the wildcard.
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The RSI trend leans bullish at the moment. But any serious escalation reshuffles everything fast.
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