The WTI crude oil remains in a bullish trend, with recent price action showing signs of a consolidation within the broader uptrend.
Support Zone: 8750 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8750 would confirm ongoing upside momentum, with potential targets at:
10200 – initial resistance
10480 – psychological and structural level
10785 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 8750 would weaken the bullish outlook and suggest deeper downside risk toward:
8540 – minor support
8200 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the WTI crude oil holds above 8750. A sustained break below this level could shift momentum to the downside in the short term.
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