#WTI#(CRUDE OIL):- MARKET ANALYSIS
WTI crude oil remains under strong selling pressure, with price trading below the 9 EMA (72.88). The market has been making lower highs and lower lows. The RSI is around 29, which suggests the market is in oversold zone. However, oversold conditions alone do not confirm a reversal—they often signal that downside momentum may begin to slow.
Key levels
•Support Levels
69.80 – Immediate support
68.80 – 69.00 – Strong support
67.50 – Next major downside target if selling continues
•Resistance Levels
70.80 – 71.20 – Immediate resistance
72.88 – Strong resistance
74.50 – 75.00 – Major resistance zone
#CrudeOil# #forextrading# #Signal# #Todayanalysis#
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