OIL SCRIPT #WTI | D1 FRAME
The oil has completed the scenario of filling the GAP that we have been monitoring over the past sessions. At the moment, the price is moving into the resistance zone of 82–85 USD, where profit-taking pressure may increase.
The priority scenario right now is to see a technical correction wave to test the breakout zone again before determining the next direction. If the support zone holds after the correction, the uptrend will have the opportunity to extend to higher levels.
Filling the GAP is only the first step; the next important factor is how the price reacts after the correction move to confirm the momentum of the new trend.
The oil has completed the scenario of filling the GAP that we have been monitoring over the past sessions. At the moment, the price is moving into the resistance zone of 82–85 USD, where profit-taking pressure may increase.
The priority scenario right now is to see a technical correction wave to test the breakout zone again before determining the next direction. If the support zone holds after the correction, the uptrend will have the opportunity to extend to higher levels.
Filling the GAP is only the first step; the next important factor is how the price reacts after the correction move to confirm the momentum of the new trend.
