Oil market is highly volatile today due to ongoing geopolitical tensions, especially around the Strait of Hormuz. �

Reuters

Current prices show weakness: Brent ~ $89 and WTI ~ $83 after a sharp drop. �

OilPrice.com

On Binance derivatives, crude oil is trading near ~$65 with short-term bearish pressure. �

Binance

Recent news of reopening supply routes triggered a strong sell-off (≈10% drop). �

OilPrice.com

However, overall trend remains bullish due to supply disruptions and war risks. �

Reuters

Key resistance zone: $100 — market struggling to break above this level. �

DailyForex

Key support zone: $80–$85 — breakdown below this may trigger further selling.

Market sentiment is mixed: short-term bearish, long-term bullish. �

Reuters

Binance traders should expect high volatility and sudden spikes (liquidation risk high). �

AInvest

Strategy: scalp trades or wait for breakout above $100 or breakdown below $80 for confirmation.#Iran #America #Israel #war