Oil has delivered a strong rebound after filling the gap in the $67–70 zone. Today's rally has pushed prices up nearly 2%, bringing crude back toward the $84 level. From a technical perspective, I believe this area could mark the beginning of a deeper corrective move after the recent impulsive rally. I'll be watching closely for signs of bearish confirmation before expecting further downside. The market has been trending in a very one-sided fashion recently, so risk management remains essential. What's your outlook? Are you expecting oil to continue higher, or do you think a deeper pullback is about to begin? Share your view in the comments. Trade safely, and good luck to everyone!
Weekly Market Outlook The weekly candle closed bullish, so for the start of the week, my bias is to follow the trend and look for buy opportunities. The nearest resistance is around 66,200.If any H4 bullish candle closes above 67,000, I'll be looking to buy on the retest. That said, my personal view is that the market may still see one more correction, potentially pulling back to the 59,500–61,300 area before continuing higher. Disclaimer: This reflects my personal market view and is not financial or investment advice.