WTI Crude Oil – Technical Analysis (H1)
WTI remains under technical pressure after a fully formed upward correction. Bears are positioned for a fresh downward swing toward the recent low at 73.50, with NFP data and US–Iran talks as key near-term catalysts.
The asset remains under technical pressure, with a fully formed upward correction now in place. This setup allows bears to anticipate a new downward swing toward the recent low at 73.50.
Key Levels:
□ Downside target: 73.50
□ Upside target: 80.00
Primary Scenario:
Transition into a decline toward 73.50 (the target may extend beyond the current session).
Alternative Scenario:
Upside breakout toward $80.00 should NFP data prove supportive for the US dollar.
Analyst Commentary:
Oil’s price action depends not only on the NFP release but also on the US–Iran negotiation track. Monitor related headlines closely and keep risk tightly controlled.
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.