Crude Oil Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Following a breakout from its prior downtrend around the $85–$88 region, WTI crude oil ($96.516) is currently trading within an ascending channel formed from the July low near $68, posting higher highs and higher lows. The short-term structure remains bullish as long as the price stays above the rising channel support at $88–$90; to extend momentum toward the upper channel boundary near $110–$115, buyers must decisively clear the immediate psychological resistance at $100–$102, whereas a slip below $93 risks a pullback toward the channel floor.



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