WTI Crude Oil — Breakout incoming or another rejection?

🏆WTI crude oil has rallied strongly from its recent demand zone and is now testing a major resistance area. Buyers remain in control in the short term, but this zone will likely determine whether the current rally has enough strength to continue.

🔥Previously:

📈 Bullish scenario

If price breaks above the highlighted resistance and confirms the breakout, buyers could extend the rally toward the next supply zones. A successful close above this level would reinforce the bullish structure and increase the probability of further upside.

📉 Bearish scenario

If resistance holds and sellers step back in, a pullback toward the nearest demand zone becomes the more likely outcome. As long as higher supports remain intact, any correction may still be viewed as a retracement within the broader recovery.

WTI is approaching a key decision point. The market has shown impressive strength over the past sessions, but confirmation above resistance is still needed before expecting another impulsive move higher.

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WTI Crude Oil — Bulls losing momentum at resistance?

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