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Sign InCrude oil experienced choppy trading as the market attempted to settle following its recent sharp sell-off, with traders now betting against the U.S. restarting military operations. This period of volatility persists as the ceasefire holds, though the market remains in a waiting game for official comments from Iran. WTI crude remains pressured after a 19% drop, with technical price action confirming trading below the $100 level as bears target the $90 mark. Investors are closely monitoring the U.S. proposal to end the conflict and its implications for supply stability, including the potential reopening of the Strait of Hormuz. Technically, the market is transitioning from a crash phase into a period of consolidation as it seeks a new equilibrium. Market sentiment continues to shift from supply-shock fears toward diplomatic progress and the anticipation of official Iranian responses.