WTI is currently trading near the $65.90 support zone after a strong break below $67.00, indicating increased downside risk if no buying interest appears.
🔹 Bearish Scenario:
If the price breaks below $65.00 and holds, the next support target may be around $62.00.
🔹 Bullish Scenario:
If the price recovers and breaks above $67.00, it could move to retest $69.50, and if bullish momentum continues, potentially extend to $70.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
🔹 Bearish Scenario:
If the price breaks below $65.00 and holds, the next support target may be around $62.00.
🔹 Bullish Scenario:
If the price recovers and breaks above $67.00, it could move to retest $69.50, and if bullish momentum continues, potentially extend to $70.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.