🛢️ WTI Crude Oil at $83.53 — holding firm in a strong uptrend while most assets are selling off. Energy doesn't care about your crypto portfolio.
Oil is flat today but the structure is bullish: price above SMA5 ($83.33), SMA20 ($82.29), and SMA50 ($79.30). MACD is positive at 0.72 with histogram rising. RSI at 51.8 is neutral with room to push higher. Volume is normal at 91% of average — steady participation.
📊 Key Levels:
• Support: $79.30 (SMA50) then $70.44 (major support)
• Resistance: $84.68 (SMA10) then $90.54 (key resistance)
• 3-month range: $68.55 - $96.02 (22% above low, 13% below high)
💡 Why It Matters:
Oil in a strong uptrend during a risk-off day = underlying strength. Geopolitical tensions and supply constraints are supporting prices. A break above $85 could accelerate toward $90+.
🤔 Is oil heading back to $90+ or will $85 resistance hold? Energy bulls vs bears — who wins? ⛽
#CrudeOil #Commodities #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.
Oil is flat today but the structure is bullish: price above SMA5 ($83.33), SMA20 ($82.29), and SMA50 ($79.30). MACD is positive at 0.72 with histogram rising. RSI at 51.8 is neutral with room to push higher. Volume is normal at 91% of average — steady participation.
📊 Key Levels:
• Support: $79.30 (SMA50) then $70.44 (major support)
• Resistance: $84.68 (SMA10) then $90.54 (key resistance)
• 3-month range: $68.55 - $96.02 (22% above low, 13% below high)
💡 Why It Matters:
Oil in a strong uptrend during a risk-off day = underlying strength. Geopolitical tensions and supply constraints are supporting prices. A break above $85 could accelerate toward $90+.
🤔 Is oil heading back to $90+ or will $85 resistance hold? Energy bulls vs bears — who wins? ⛽
#CrudeOil #Commodities #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.