Crude Oil

The West Texas Intermediate (WTI) crude oil market has been on the move, with prices breaking above the resistance of a falling price channel on the 4-hour chart. This bullish breakout now puts the resistance level at $80.04 in the spotlight. Potential for Further Upside If WTI manages to surpass the $80.04 resistance, it could…

The West Texas Intermediate (WTI) crude oil futures contract remains entrenched in a downtrend that commenced from the 87.07 level. The price action has been confined within a falling price channel on the 4-hour chart, suggesting that the recent bounce from the 76.34 low could be viewed as a consolidation phase within the broader downtrend.…

The West Texas Intermediate (WTI) crude oil futures contract has witnessed a significant bearish development, breaking below the bottom of the rising price channel on the daily chart. This breakdown suggests that the upside move from the $67.95 level has likely completed at the $87.07 high. With this bearish signal, further declines in WTI could…

The West Texas Intermediate (WTI) crude oil futures contract is currently facing a critical support level, represented by the bottom of a rising price channel on the daily chart. This channel has been a significant guiding force for the recent uptrend, which commenced from the $67.95 level. As long as the price respects the channel’s…