Since oil has broken through the **Value Area Low (VAL)**, there is a good chance it could move up toward the **Point of Control (POC)**, where a large amount of trading volume is concentrated.
However, much depends on how the war develops. Unfortunately, Trump is unpredictable and often changes his statements from day to day.
The **Strait of Hormuz** is closed, and the **Red Sea shipping route** has also been disrupted, so only around **0–2 ships** are passing through each day.
In addition, U.S. petroleum inventories have fallen to their lowest level since **1983**, which could further support higher oil prices.