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
Gold holds steady near multi-week highs...
June 13, 2025
Market Insights
DAX embraced political turmoil.
November 08, 2024
Market Insights
Gold on the Brink: Awaiting NFP for the...
March 07, 2025
Market Insights
🚀 Bitcoin Blasts Past $103,000, Surpass...
December 05, 2024
Market Insights
CRUDE OIL WEEKLY ANALYSIS
November 16, 2024
Market Insights
Gold consolidates to build up momentum a...
April 30, 2025
Market Insights
