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
US30 Signals Bearish Flag Pattern Critic...
June 05, 2025
Market Insights
NFP to Ignite Gold's Next Big Move Will...
March 07, 2025
Market Insights
Dow Jones Faces Sharp Decline Forms Bear...
March 31, 2025
Market Insights
DAX embraced political turmoil.
November 08, 2024
Market Insights
Gold price sits near near one-week top a...
November 19, 2024
Market Insights
Gold remains under renewed pressure foll...
May 08, 2025
Market Insights
