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:
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