đ˘ď¸ Crude Oil pulled back to $86.64 â but the uptrend is intact. Buying dips in strong trends has been the winning play.
đ The technicals:
Price: $86.64 (-1.35%)
RSI: 58.1 â leaning bullish, not overbought
Trend: Strong uptrend | All MAs aligned bullishly
Volume declining on pullback = healthy consolidation
đ§ The macro:
Supply constraints persist. Geopolitical risks remain elevated. Energy demand is growing globally. 26% off 3-month lows shows momentum is building.
đ Key levels:
Support: $85.95 (SMA5) | Resistance: $92.19
A bounce from current levels could send oil toward $90+.
#CrudeOil #Commodities #DYOR
Disclaimer: Not financial advice. DYOR. Commodity trading is highly volatile and involves significant risk.
đŹ Oil â $90 is coming or fading? đ˘ď¸
đ The technicals:
Price: $86.64 (-1.35%)
RSI: 58.1 â leaning bullish, not overbought
Trend: Strong uptrend | All MAs aligned bullishly
Volume declining on pullback = healthy consolidation
đ§ The macro:
Supply constraints persist. Geopolitical risks remain elevated. Energy demand is growing globally. 26% off 3-month lows shows momentum is building.
đ Key levels:
Support: $85.95 (SMA5) | Resistance: $92.19
A bounce from current levels could send oil toward $90+.
#CrudeOil #Commodities #DYOR
Disclaimer: Not financial advice. DYOR. Commodity trading is highly volatile and involves significant risk.
đŹ Oil â $90 is coming or fading? đ˘ď¸