Oil broke above key resistance zones on the upside, jamming the upside window open, and with no imminent deal to resolve the Iran conflict, tight oil markets will provide a tailwind for prices to potentially continue higher and test 52-week highs.
forecastpending
Speaker
Patrick CeresnaEvidence Quote
“broke some of these key breakout zones on the upside...jammed the upside window open...new trend of flows coming in...tight oil markets inevitably are a tailwind”
Source
MacroVoices #530 Daniel Lacalle: China and The Us Will Decide The Outcome of The Iran War— Macro VoicesCreated: 8/12/2026, 6:10:01 PM
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