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
Resistance Retest – Breakout or Pullback...
February 19, 2025
Market Insights
GBP/JPY soars as Bank of Japan holds rat...
March 19, 2025
Market Insights
Gold recaptures gains after a three day...
March 25, 2025
Market Insights
Dow Jones Navigates Key Levels A Bullish...
June 23, 2025
Market Insights
US Tech 100 Surges from Double Bottom Fo...
April 08, 2025
Market Insights
DOW JONES bounce from daily support zone
December 31, 2024
Market Insights
