WTI Crude Oil, Technical Analysis – H1

Geopolitical tensions in the Middle East appear to be insufficiently priced into current oil levels. Although this factor is less relevant for U.S. light crude, the technical setup also points to a potential upward swing from current prices. If confirmed, buyers will target a retest and breakout of the recent local high near $95 per barrel.

Key Levels:

□ $95.00 — primary upside target (recent local high)

□ $90.00 — key consolidation/support zone

Primary Scenario:

Upward reversal and the beginning of a bullish swing toward $95.00.

Alternative Scenario:

Consolidation in the $90.00 area.

Analyst Commentary:

The market looks nervous and unstable. Exercise caution when trading around key technical levels.