On the 4-hour timeframe, WTI crude oil has entered a major support zone between $56 and $58 after a prolonged downtrend. Buyers have shown strong reactions in this area, suggesting that the market is attempting to defend this critical level. Currently, candles indicate early signs of a bullish rebound, but a confirmed trend reversal will only occur once the descending trendline is broken to the upside.
Upcoming Scenarios – Key Resistance Levels Ahead
If bullish momentum continues and the trendline breaks, the next target for price action lies within the $61–$63 resistance area. A breakout above this zone could open the path toward the main resistance near $65–$67.
However, if buyers fail to sustain momentum, a pullback toward the $56 level remains possible. Losing this support could trigger a deeper decline toward $54 per barrel.
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