Oil Surges 10% After Trump’s Ceasefire Remarks,What is the next?U.S. DOLLAR / BRENT CRUDE OILFX_IDC:USDBROpejman_zwinAfter renewed hostilities between Iran and the U.S., and Trump’s announcement that the ceasefire had ended, with escalations this morning in the Middle East, Oil(USDBRO) surged by roughly +10%. At the moment, it seems that this bullish trend could continue with rising tensions. Oil is currently near a support zone($78-$76) and is attempting to break its resistance lines. From an Elliott Wave perspective, oil has completed its main wave 3 and is currently in its main Wave 4. This wave 4 could finalize near the Fibonacci levels and the support zone($78-$76). I expect Oil to resume its bullish trend, potentially rising at least to $81.31. First Target: $81.31 Second Target: $82.57 Stop Loss(SL): $75.48 Points may shift as the market evolves Gap: $86.70-$84.40 Note: The key trading levels for oil if the price rises further are between $82.80 and $85.70. What’s your view on oil? Can the price move back above $80, or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌U.S. Dollar/Brent Crude OIL Analysis (USDBRO), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.