$WTI.US Oil: Reversal Zone in Focus - Bears Could Take Price Control
WTI Crude Oil is approaching a major resistance and potential reversal zone between $84.70 and $86.50. Price has recovered strongly from the recent lows, but the current structure suggests that the upside may be running into significant supply.
The key area to watch is the $84.70–$86.50 resistance zone. The price already tested the beginning of this region and started showing slight bearish reversal signals, a downside move could develop but it's required further confirmation.
$AKE
WTI Crude Oil is approaching a major resistance and potential reversal zone between $84.70 and $86.50. Price has recovered strongly from the recent lows, but the current structure suggests that the upside may be running into significant supply.
The key area to watch is the $84.70–$86.50 resistance zone. The price already tested the beginning of this region and started showing slight bearish reversal signals, a downside move could develop but it's required further confirmation.
$AKE