On Tuesday (June 17) in the Asian session, Brent crude oil fell slightly after opening high, and is currently trading around $73.40 per barrel, an increase of about 0.6%. At present, potential supply disruptions have become the core risk point for price increases. As the third largest oil producer among the member countries of the Organization of Petroleum Exporting Countries, Iran's oil supply has an important market share. Once the conflict between Iran and Israel causes export stagnation or port closures, it will have an impact on the global market.

At the same time, OPEC and the OPEC+ consortium including Russia said on Monday that the global economy is expected to remain resilient in the second half of 2025, and lowered its expectations for the growth rate of oil supply from non-member countries in 2026. OPEC+ maintains a mild optimism on the demand side, while predicting that non-OPEC+ supply will slow down in the later period, which may provide support for the crude oil market.

From the daily level of crude oil, crude oil prices have broken through the range of shocks and consolidation since mid-May, and are currently standing steadily above the 20-day and 50-day moving averages, indicating that bullish sentiment has warmed up. In terms of technical indicators, the RSI index has rebounded above 60, and the MACD indicator has shown a golden cross trend, indicating that momentum has increased. If it can stabilize above $72.50 in the future, the next pressure level will point to the $75.80 area.

In summary, today's crude oil operation suggestions: pay attention to the pressure of the upper $75 line during the day, and pay attention to the support of the lower $71.40 line.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.