CRUDE Oil Rejected At $104.44, Bulls Defend $97.54:
🛢️ Crude Oil WTI Market Update
Crude Oil WTI recently faced strong resistance around $104.44 and was rejected from that level. The price has pulled back, but buyers are still trying to protect the important $97.54 support zone.
In my view, the market is currently at an important point. If bulls successfully defend $97.54, we could see another attempt to move higher. However, if this support breaks, selling pressure may increase and the price could fall further.
📈 Resistance: $104.44
📉 Key Support: $97.54
The next move will depend on whether buyers can maintain control above the support level. 🛢️📊
🛢️ Crude Oil WTI Market Update
Crude Oil WTI recently faced strong resistance around $104.44 and was rejected from that level. The price has pulled back, but buyers are still trying to protect the important $97.54 support zone.
In my view, the market is currently at an important point. If bulls successfully defend $97.54, we could see another attempt to move higher. However, if this support breaks, selling pressure may increase and the price could fall further.
📈 Resistance: $104.44
📉 Key Support: $97.54
The next move will depend on whether buyers can maintain control above the support level. 🛢️📊
