WTI Crude Oil Approaching Key $66–$68 Support Zone: Rebound or Further Decline?

The daily chart for WTI Crude Oil reveals that the price is approaching the $66–$68 support zone, which aligns with the breakdown target of a long-term triangle pattern formed in 2024. This area holds significant technical importance as it previously acted as strong support.

Despite prevailing market uncertainty, a potential rebound from this level is likely. Key factors influencing the next move include:

Recent News

DAX made a new ATH in day running tradin...

December 13, 2024

Market Insights

Gold holds below record highs amid risk-...

April 17, 2025

Market Insights

Dow Jones (US30) Tests 45,730 Resistance...

September 05, 2025

Market Insights

Gold price sits near near one-week top a...

November 19, 2024

Market Insights

Gold price flat lines below $2,650 level...

December 03, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window