WTI OIL Analysis: Iran restrictions stimulate oil prices

Fundamental Analysis of WTI OILWTI OIL Key Takeaways

• Weak data weighs on the dollar: Yesterday, US job vacancies hit the lowest level since September last year. The monthly rate of US factory orders in December recorded the largest drop since June 2024. Stimulated by weak US data, the US dollar index closed down 0.38%, barely holding the 108 mark.
• Iran restrictions stimulate oil prices: Trump signed the latest memorandum to stop Iran’s nuclear weapons program and once again restrict Iran’s oil sales. US officials even announced that the United States will take action to reduce Iran’s oil exports to zero. The news of short-term supply reduction supports the rebound in oil prices.

Technical Analysis of WTI OIL Daily and Hourly Charts

WTI OIL Daily Chart Insights

(WTI OIL Daily Price Chart, Source: Ultima Markets MT4)

• Stochastic oscillator: The indicator sends a bullish signal, suggesting that the short-term short-term force is weakening. Since the indicator has not yet entered the oversold area, it cannot be easily judged that the oil price has ushered in a reversal.
• Fibonacci retracement level: Yesterday, WTI crude oil once fell below the 61.8% Fibonacci retracement level of 72.34. However, it finally closed higher, forming a pin bar. The support below is strong, but whether it can be converted into an upward trend still needs to pay attention to the price of 75.73.

WTI OIL 1-hour Chart Analysis 

(WTI OIL H1 Price Chart, Source: Ultima Markets MT4)

• False Breakthrough: After breaking the market structure conversion line yesterday, the oil price reversed upward and pulled up to the vicinity of the black 65-period moving average. The false breakthrough downward is called a bottom break, which is a strong reversal signal.
• W bottom pattern: Yesterday, the oil price broke through the bottom and broke through 72.63, forming a W bottom pattern. In theory, yesterday’s rise has completed the first goal. However, based on the logic of the short-term reversal of oil prices, oil prices are still expected to look at the second target – near the green 200-period moving average, which is also near the downward trend line.

Pivot Indicator Insights for WTI OIL

(WTI OIL M30 Price Chart, Source: Ultima Markets APP)

• According to Pivot Indicator in Ultima Markets APP, the central price of the day is established at 72.00,
• Bullish Scenario: Bullish sentiment prevails above 72.00, first target 73.50, second target 74.55;
• Bearish Outlook: In a bearish scenario below 72.00, first target 70.65, second target 69.60.

How to Navigate the Forex Market with Ultima Markets To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.

For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.

Stay tuned for more updates and analyses from our team of experts at Ultima Markets.

—–

Legal Documents

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

Copyright © 2025 Ultima Markets Ltd. All rights reserved.

Disclaimer  

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.