Technical summary, Iran-deal and FOMC fundamental news, and a full crude oil trade setup with entry, stop loss and take profit levels for th
Crude Oil (WTI/USOil) trades near $75.45, down 1.26%, as markets continue unwinding the Middle East risk premium ahead of the scheduled US-Iran peace deal signing on June 19. Prices are testing a critical Fibonacci support zone at $75.26 after a sharp multi-session decline driven by expectations of increased oil supply and the reopening of the Strait of Hormuz. Traders are closely watching todayβs EIA crude inventories, IEA Oil Market Report, and the Federal Reserveβs policy decision for fresh direction. A break below $75 could expose $70 and $63.21 support levels, while a rebound above $76.50 may trigger a recovery toward $81.50 and $84.72. Crude remains highly sensitive to geopolitical developments, supply trends, and Fed-driven dollar moves.
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