Self explanatory chart/s: It is all about the Middle East. The oil price is now at 7 month highs, bid over $81 per barrel. As the skirmish/so called low intensity warfare may descend into a full blown conflict. With Hezbollah in Lebanon and Israel intensify their attacks on each other on Israel's northern border with Lebanon.

 



Trading range is 80 and 82, with price resistance at 84.

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All charts (A.Glass 2023, 2024)

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