Crude Oil is currently trading near $97.10, maintaining a strong bullish trend while entering a short-term pullback and consolidation phase.
The market is currently positioned in a decision zone, where the next move will likely determine continuation or correction.
Market Structure Insight
• Bullish structure remains intact
• Price holding above $95 breakout zone
• Consolidation near mid-range levels
• Volatility elevated due to geopolitical developments
Key Levels
Resistance
• $98.50
• $100.00 – Psychological level
• $103.50
Support
• $95.80
• $94.00
• $91.50
📈 Bullish Scenario
Holding above $95.80 could lead to continuation toward $100 and beyond.
📉 Bearish Scenario
A breakdown below $95.80 may trigger a pullback toward $94.00 or $91.50.
📌 The $95–$100 range is the key zone that will decide the next major move.
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