WTI Crude Oil, Technical Analysis – H4
The gap in the $87.00 area has been formally closed, which opens the possibility for the market to attempt a bounce higher from this zone.
The gap in the $87.00 area has been formally closed, which opens the possibility for the market to attempt a bounce higher from this zone. This setup is additionally supported by a fresh wave of tensions in the Strait of Hormuz. If the scenario materializes, the asset could initiate a recovery move toward the $100 per barrel level.
Key Levels
□ $87.00 — Key support / bounce zone
□ $100 — Major upside target
□ $82.00 — Critical downside support
□ $90.00–$92.00 — Intermediate resistance
Primary Scenario:
Upward rebound from the $87.00 level.
Alternative Scenario:
Breakdown below $87.00 with a subsequent test of the recent low around $82.00.
Analyst Commentary:
Wait for a clear positive reaction at the $87.00 level before taking long positions.
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.