The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
WTI crude oil is testing key technical resistance levels following a powerful 13-day consecutive rally and recovery phase. Prices are currently oscillating between a support level of $77.84 and a resistance level of $81.25, with buyers eyeing a breakout toward the 50% Fibonacci retracement at $82.01. The market is also monitoring the 100-hour moving average at $79.17, as a break below this level could shift the technical focus back to the $77.84 support mark.