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Iran's tanker seizure opportunity to buy WTI

Long
U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)  
LimitMarkets  
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Trend Analysis Beyond Technical Analysis oiltrading iran GULF
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trendanalysis beyondta oiltrading iran gulf
The oil market is once again in the spotlight as Iran's Revolutionary Guard Corps (IRGC) announced that they have seized an oil tanker near in the Persian Gulf. The nationality of the tanker is yet to be specified as we expect a strong reaction from the US-led Western camp. The WTI price appears to have found a firm fundamental support to rise back from the week's earlier fall. The price is now aiming for 57.50. Once broken, we can follow 58.00 as another target near the upper band of the descending channel.
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