RAY has pushed strongly higher and is carrying clear short-term momentum, but the current extension calls for patience rather than chasing. A pullback toward the entry area would offer a more controlled setup, with buyers needing to defend that zone for continuation.
EP
$1.275 - $1.295
TP
$1.367
$1.420
$1.472
SL
$1.236
Holding the pullback zone while momentum remains positive could open the way toward the next upside levels. Losing $1.236 decisively would signal that the bullish structure is weakening.
#U.S.–Iran Tanker Conflict Escalates as Five More Oil Carriers Are Hit and Brent Nears $100
