Light Sweet Crude Oil - How it affects the current conflict between Israel and Palestine?

The Light Sweet Crude Oil has been on a long decline from the level of 107.40, due to the global uncertainty about the current conflict between Israel and Palestine, so Oil could have a bullish momentum in the coming days.

This is because there are rumors on the internet about a possible military ground operation by the Israeli army, which could make the Crude Oil again consolidate above the resistance level of 103.85, if this should occur.

If successful, it is expected to rise to the level of 106.70. Also, keep in mind that the Oil stays above the 200 SMA on the daily chart. The MACD indicator is in negative territory.

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