WTI Crude Oil, Technical Analysis – H1
WTI crude oil has an unfilled gap above in the $85 per barrel area. However, any discussion of buyers being ready to close this gap can only begin after the price firmly consolidates above $79.00.
WTI crude oil has an unfilled gap above in the $85 per barrel area. However, any discussion of buyers being ready to close this gap can only begin after — and if — the price firmly consolidates above $79.00. Until that happens, the dominant bearish trend should remain the primary framework for analysis.
Key Levels:
□ 79.00 (key resistance for bullish confirmation)
□ 77.00 – 75.00 (downside targets)
□ 85.00 (unfilled gap)
Primary Scenario:
Decline toward $77.00, $76.00, and $75.00.
Alternative Scenario:
Reversal higher following a confirmed breakout and consolidation above $79.00.
Analyst Commentary:
Oil is currently supported by optimistic investor expectations regarding the Middle East. However, this fragile sentiment can be disrupted quite easily.
نيكولاي كريشتوبوف محلل أسواق في Investizo يتمتع بخبرة تزيد على 15 عامًا في قطاع الأسواق المالية وأكثر من عقد من الخبرة في التداول. تشمل مجالات اهتمامه أسواق الفوركس والعملات الرقمية، والتحليل الفني، والتداول اليومي، وسلوك السوق.