Member Info for 1.ARMANI

@Neversellshell22.....thank you for sharing the article.

There's so much positive news for BP.

We've got to turn the corner, back to 440-470p range...imo

Good morning Jakers,

The algorithm Futures are for today, & if Brent futures closed around 80.73 USD on Wednesday trading, then Aug 25 futures on Thursday would max out towards 90 USD.

The Algorithmms change daily.

https://www.barchart.com/futures/quotes/CBQ25/cheat-sheet

ATB

Brent crude oil futures extended its recent gains toward $77 per barrel on Wednesday, near its highest level since January, as the Iran-Israel conflict entered its sixth day, continuing to fuel fears of supply disruptions. Israel’s military confirmed it had launched strikes near Tehran and detected missile launches from Iran, with interception efforts underway. President Trump also met with his national security team, sparking speculation that the US may join Israel’s attack, raising fears of a wider regional escalation. Nevertheless, Iran’s crude-exporting infrastructure has so far been spared, with most of the fallout limited to shipping. The oil market has also remained relatively stable, supported by ample global supply, including rising OPEC+ output and record-high US production. Meanwhile, US industry data showed crude inventories dropped by over 10 million barrels last week, potentially marking the largest draw since last summer if confirmed by official figures.

TA....algorithm for 18/6/25

14 DAY RSI @70% 74.87

Last 76.62

1st Resistance...... 78.30

13 Week High....... 78.50

14 Day RSI @ 80% 79.52

2nd Resistance..... 80.15

3-10 Day Stalls ..... 80.73

3rd Resistance.......82.97

It's not an exact science; however, markets follow certain algorithms linked to "Risk on Risk off" supply.

TA used for BP share price gaps, resistance, etc.

Markets might be manipulated, pushing Futures lower....imo we should be 80 USD+

gla

Brent crude oil futures surged 4.4% to settle at $76.4 per barrel on Tuesday as escalating tensions between the US and Iran reignited supply concerns. US President Donald Trump demanded Iran’s “unconditional surrender” and directly threatened Supreme Leader Ayatollah Ali Khamenei, calling him “an easy target” in a series of social media posts. The gains reversed Monday’s losses, which were driven by hopes of a ceasefire between Iran and Israel. Despite the latest escalation, the oil market has remained relatively stable, supported by strong global supply, including rising OPEC+ output and record-high US production. Analysts note that while Israel has targeted Iranian energy sites, it has avoided disrupting oil export infrastructure, easing immediate fears of a global supply shock. However, any attempt by Iran to block the Strait of Hormuz, a key chokepoint for global oil shipments, could send prices soaring past $100, according to Goldman Sachs.

https://tradingeconomics.com/commodity/brent-crude-oil

Https://oilprice.com/Energy/Crude-Oil/Tankers-Reportedly-Ablaze-Near-Strait-of-Hormuz.html

Three tankers on fire

Https://www.reuters.com/business/autos-transportation/us-uk-trade-deal-be-completed-very-soon-says-starmer-2025-06-16/

Under the details released by the department of Business & Trade the UK aerospace sector will face NO tariffs at all from the USA, while the auto industry will have 10% down from 25%.

gla

Israel must destroy the enriched uranium; they will have to use USA-supplied Bunker-Busting bombs on the targeted site or sites.

Oil is trading on "Headline News", imo..... complete manipulation with the threat of increased shipping costs. (strait of Hormuz)

Removing the regime is one part of the mission.

Destroying the enriched uranium is a world security mission.

Https://www.bloomberg.com/news/articles/2025-06-16/latest-oil-market-news-and-analytics-for-june-17

Https://www.bloomberg.com/news/articles/2025-06-13/frontline-far-more-hesitant-offering-oil-tankers-in-mideast?embedded-checkout=true

Oil tanker owners reluctant to brave the strait of Hormuz refusing new contracts.

gla

Https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Surge-as-Israel-and-Iran-Target-Each-Others-Energy-Infrastructure.html

Brent crude oil futures climbed to $75.1 per barrel on Monday, extending gains for a second consecutive session after Israel and Iran exchanged attacks over the weekend, heightening fears that escalating tensions could disrupt crude supplies from the Middle East. Israel launched an attack on the giant South Pars gas field in the Persian Gulf, leading to the shutdown of a production platform, following airstrikes on Iran’s nuclear facilities and military leadership last week. On Friday, crude prices closed 7% higher, having surged more than 13% intraday to reach their highest levels since January, amid fears the conflict could widen and impact a key oil-producing region. Adding to market unease, US President Donald Trump said last week he would be setting tariff rates for trading partners over the coming weeks, while details on US-China framework agreement remain unclear.

https://tradingeconomics.com/commodity/brent-crude-oil

Https://www.unitedagainstnucleariran.com/company/bp

@Pang.....apologies posted on the wrong thread.

Https://www.unitedagainstnucleariran.com/company/bp

Iran menu link

BP ADR shares, after hours trading 2 steps forward. :)

Oil spikes are exactly that, however ......prolonged higher Brent Crude for several weeks or months will have some serious share price movement.

gla

Https://www.government.nl/topics/nato-summit-2025/nato-summit-2025-in-the-netherlands

The Summit will be attended by 45 heads of state, 45 foreign ministers and 45 defence ministers. There will be a total of 6,000 people representing various countries.

In brief NATO Summit to talk about World Security

This is big & RR along with other defense sectors will benefit.

gla

Primetime51,

Iran have stated there will be no talks this weekend.

Trump first term, Biden, Trump second term, sanctions....all offered enriched uranium at open market price for a power station.

408p next stop

18th June FED interest rate decision, followed by BoE interest rate decision 19th June.

Inflationary pressure with petrol/gas pump prices.

Https://oilprice.com/Energy/Oil-Prices/JP-Morgan-Oil-Could-Hit-130But-Were-Still-Calling-60.html

JPMorgan: Brent could spike to $120+ in a worst-case scenario as a result of escalating tensions in the Middle East.

Brent crude oil futures surged nearly 6% to above $73 per barrel, hitting a fresh two-month high, after Israel launched a preemptive strike against Iran, raising fears of supply disruptions. Israel’s defense minister declared a “special situation,” with reports suggesting Iran could soon retaliate with missile and drone attacks on Israeli targets, including civilian areas. The risk of a wider Middle East conflict threatens potential disruptions to the Strait of Hormuz, a key chokepoint for about 20% of global oil flows. Adding to geopolitical risks, the US is preparing a partial evacuation of personnel from the region after Iran threatened to target US bases if nuclear talks fail. Further supporting prices, EIA data showed US crude stocks fell by 3.6 million barrels last week, exceeding forecasts and signaling strong demand, while softer US inflation strengthened expectations of Fed rate cuts by September, potentially boosting economic growth and oil consumption.

https://tradingeconomics.com/commodity/brent-crude-oil