#WTI

*WTI Crude Oil Spikes to $94.18, Breaks Above $93.40 Resistance on Intraday Chart*

WTI Crude Oil CFDs are trading at $94.18, up 0.88% on the day after a sharp spike higher in the last candle. Price broke out of its 5-hour consolidation range and hit a high of $94.51.

*What the Chart Shows:*

*1. Clean Breakout Above $93.40*

Oil had been grinding higher since the 06:00 low at $91.50, forming a steady uptrend with higher highs and higher lows. The move above $93.40 resistance confirms buyers are in control on the intraday timeframe. That level now flips to near-term support.

*2. Momentum Acceleration into $94.50*

The breakout candle is the largest green candle of the session, showing strong buying volume. Price extended to $94.51 before pulling back slightly to $94.18. If momentum holds, the next target is the psychological $95.00 level.

*3. Key Support Holds at $93.00*

The trendline support from the 07:00 low sits near $93.00. As long as price holds above it on a 5-min close, the structure stays bullish. A drop back below $93.00 would signal a false breakout and open a retrace to $92.60.

*Outlook:*

WTI is bullish intraday while it stays above $93.40. A hold and retest of $93.40-$93.60 as support would set up the next leg toward $95.00. Watch for profit-taking around $94.50-$95.00.

_Note:

This is technical analysis on the 5-min WTI CFD chart. Crude oil is sensitive to headlines, trade with stops._