🚨 WTI: SELLERS LOSING SHORT-TERM CONTROL?
WTI is trading near $98.06 (+1.66%), recovering after Monday’s sharp sell-off.
US–Iran tensions have brought supply-risk concerns back into focus. Price has reclaimed the chart’s $97.78 reference level.
What’s next?
- Above $98.45 → $98.92 becomes the next upside zone.
- Below $97.78 → sellers could regain control; $96.64 is the downside level to watch.
MarketLens View: Short-term recovery is developing, but the broader bearish structure needs confirmation before calling a trend reversal.
News sets the context. Price action confirms the move.
Can buyers extend this recovery, or is it just a relief bounce?
#MarketLens #WTI #CrudeOil #OilMarkets #XAUUSD
WTI is trading near $98.06 (+1.66%), recovering after Monday’s sharp sell-off.
US–Iran tensions have brought supply-risk concerns back into focus. Price has reclaimed the chart’s $97.78 reference level.
What’s next?
- Above $98.45 → $98.92 becomes the next upside zone.
- Below $97.78 → sellers could regain control; $96.64 is the downside level to watch.
MarketLens View: Short-term recovery is developing, but the broader bearish structure needs confirmation before calling a trend reversal.
News sets the context. Price action confirms the move.
Can buyers extend this recovery, or is it just a relief bounce?
#MarketLens #WTI #CrudeOil #OilMarkets #XAUUSD
