WTI Crude Oil, Technical Analysis – H1

The asset is nearing a significant pivot at $69.70, which is unlikely to be breached without a prior technical pullback. If this scenario plays out, bears will target the demand zone around $68.00.

Key Levels:

□ $69.70 (major pivot / resistance)

□ $70.00 (psychological breakout level)

□ $68.00 (key demand zone)

Primary Scenario:

Rise toward $69.70, followed by a downward reversal targeting $68.00.

Alternative Scenario:

Attempted breakout above $70.00.

Analyst Commentary:

Excluding any military-political factors (which are outside the scope of pure technical analysis), a decline toward $68.00 would represent a standard corrective move.