Crude Oil at $82.51 — holding steady while the world watches the Middle East. 🛢️
WTI is range-bound between $80-$83 with RSI at 52 (neutral). Not exciting, but the weekly trend is strong — all SMAs aligned bullishly with SMA5 ($82.53) acting as dynamic support.
Oil is +20.4% from its 3-month low of $68.55 but still -24.1% from the $108.66 high. Geopolitical tensions and OPEC+ production cuts are keeping a floor under prices.
The key question: does oil break above $83 resistance or pull back to test $80 support?
📌 Key Levels:
• Support: $70.44 (major) / $80.00 (near-term)
• Resistance: $83.00 (current) / $93.89 (major)
• RSI: Neutral at 52 — direction TBD
Oil bulls or bears — who wins this week? 👇
#CrudeOil #Commodities #DYOR
⚠️ Not financial advice. Always do your own research before trading.
WTI is range-bound between $80-$83 with RSI at 52 (neutral). Not exciting, but the weekly trend is strong — all SMAs aligned bullishly with SMA5 ($82.53) acting as dynamic support.
Oil is +20.4% from its 3-month low of $68.55 but still -24.1% from the $108.66 high. Geopolitical tensions and OPEC+ production cuts are keeping a floor under prices.
The key question: does oil break above $83 resistance or pull back to test $80 support?
📌 Key Levels:
• Support: $70.44 (major) / $80.00 (near-term)
• Resistance: $83.00 (current) / $93.89 (major)
• RSI: Neutral at 52 — direction TBD
Oil bulls or bears — who wins this week? 👇
#CrudeOil #Commodities #DYOR
⚠️ Not financial advice. Always do your own research before trading.