commoditiesonchain

$CL (WTI Crude Oil) is currently undergoing a corrective phase on the 1-hour chart, reflecting a 1.95% decrease as it tests the lower bounds of its recent trading range. After facing rejection at the 95.57 resistance level, the price has entered a descending structure, searching for a stable floor near the 92.00 psychological support. This retracement is a typical reaction to the previous volatility, allowing the market to rebalance before the next directional move. If the current support holds, we may see a period of consolidation as bulls attempt to regain control and push back toward the mid-90s.
Target 1: 94.20
Target 2: 95.50
Target 3: 98.00
#CL #USOIL #XAU #CommoditiesOnChain #COMMODITIES