oil – (CL) 4H Bullish Continuation Setup Crude Oil FuturesNYMEX_DL:CL1!khalid1988Current geopolitical tensions involving Iran and broader conflict in the Middle East have already pushed global oil prices higher Prices jumped sharply as fears grew over possible disruptions in key shipping routes especially the Strait of Hormuz, through which a very large share of global oil supply normally passes.Geopolitical risk = higher price premium Healthy pullback within an established uptrend On the 4H timeframe, price completed a strong impulsive move to the upside and is now retracing into the 0.618 Fibonacci level, aligning with a prior reaction area in the marketThe response from this zone suggests buyers are still active within the trend As long as price maintains the recent higher low on 4H, the overall structure remains bullish. A decisive break above the previous swing high could accelerate momentum toward the 1.618 extension around 86.15$