# Oil traders eye $128 target on geopolitical tensions

> Technical analysis suggests US crude could rally sharply if key support levels hold amid US-Iran dynamics.
- Title: Oil traders eye $128 target on geopolitical tensions
- Summary: Technical analysis suggests US crude could rally sharply if key support levels hold amid US-Iran dynamics. Oil price movements are heavily influenced by…
- Keywords: us oil, crude oil, wti, price targets, technical analysis, order flow, fibonacci, harmonic patterns, geopolitical risk, usa iran tensions, trading, business
- Source: TradingView — https://tradingview.com/chart/USOIL/hSSigDRf-US-Oil-up-to-128
- Published: 2026-09-16T02:46:00+00:00
- Read time: 1 min
- Topics: us oil, crude oil, wti, price targets, technical analysis, order flow, fibonacci, harmonic patterns, geopolitical risk, usa iran tensions, trading, business
## Oil traders spot bullish setup
Technical analysts identify order flow areas based on order blocks that could trigger a bullish movement in US crude oil prices.
## Three price targets identified
Analysts have mapped out multiple price targets for crude oil, with the highest reaching $128 per barrel based on technical patterns.
## Geopolitics drive oil analysis
All oil price analysis depends heavily on the geopolitical situation between the USA and Iran, making fundamental factors as important as technical signals.
## Fibonacci and harmonic patterns
Traders use Fibonacci sequences and harmonic patterns to identify potential reversal points and support levels in oil price movements.
## Order blocks signal entry points
Order blocks represent areas where large institutional orders have been placed, helping traders identify where bullish movements might originate.
## Key takeaway

Oil price movements are heavily influenced by geopolitical events between the US and Iran, making fundamental analysis essential alongside technical signals.