Crude oil remains the center of market attention as supply shocks in the Middle East keep prices elevated.
Looking at the $WTI chart, we are seeing a consolidation phase after hitting a high of 97.03.
Immediate Support: Holding firm around the 95.50 (MA25) level.
Immediate Resistance: Testing the 96.00 (MA7) zone.
Market Outlook: With global inventory draws accelerating and institutions revising Q4 forecasts upward, the market is bracing for continued turbulence. We are looking for a decisive break above the 97.00 level to confirm further bullish momentum toward triple digits. Conversely, failure to hold the 95.30 support could lead to a deeper retest of lower levels.
Trade with caution and keep your risk management tight geopolitical headlines are moving the markets faster than technicals right now! 👇🏻
#CrudeOil #EnergyMarket #OilPrice #BİNANCESQUARE #MarketRebound
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading commodities involves significant risk of loss.