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WTI Crude Oil, Technical Analysis – H4
Category: Analysis
? The asset is currently testing the demand area at $89.50–$99.00. We assess the probability of a sharp upward rebound from this zone as very high. If the scenario plays out, the price can be expected to reach the $99.00–$100.00 region.
Key Levels:
□ $89.50 – lower boundary of demand zone
□ $99.00 – key resistance / initial upside target
□ $100.00 – main upside target
? Primary Scenario:
Sharp upward reversal from the $89.50–$99.00 zone.
? Alternative Scenario:
Breakdown below the $89.50 support level and continuation of the downtrend.
⚖️ Analyst Commentary:
A short squeeze cannot be ruled out in this zone, therefore it is advisable to wait for clear confirmation of the reversal before opening long positions.
