🛢️ Oil is quietly building a staircase to $90+ — WTI at $87.06 with all moving averages in perfect bullish alignment: Price > SMA5 > SMA10 > SMA20 > SMA50. Textbook.
RSI at 59.1 shows strength without overbought stress. But volume is declining (0.66x average), which means this rally isn't being challenged yet.
Geopolitical tensions, OPEC+ discipline, and summer driving season are all supporting crude. The $91 resistance is the next test.
📍 Key Levels:
• Support: $82 (SMA20) | $79 (SMA50)
• Resistance: $91.30 (3-month high area)
• Breakout target: $96
⛽ Oil to $100 this year or demand destruction kicks in first? What's your call? 👇
#CrudeOil #Commodities #DYOR
📢 Disclaimer: Not financial advice. Commodity trading involves significant risk.
RSI at 59.1 shows strength without overbought stress. But volume is declining (0.66x average), which means this rally isn't being challenged yet.
Geopolitical tensions, OPEC+ discipline, and summer driving season are all supporting crude. The $91 resistance is the next test.
📍 Key Levels:
• Support: $82 (SMA20) | $79 (SMA50)
• Resistance: $91.30 (3-month high area)
• Breakout target: $96
⛽ Oil to $100 this year or demand destruction kicks in first? What's your call? 👇
#CrudeOil #Commodities #DYOR
📢 Disclaimer: Not financial advice. Commodity trading involves significant risk.