From TradingView · · 40s
USOIL1D: Technical Analysis: Is $105 Next?
WTI crude oil rebounds above $93.39 point of control as technical indicators suggest $105 target.
In brief
WTI crude oil rebounds above $93.39 point of control as technical indicators suggest $105 target. WTI crude oil price rebounds above $93.39 point of control, indicating potential $105 target based on technical analysis. Originally reported by TradingView.
Price Reclaims Point of Control
WTI crude oil price moves above $93.39 point of control after brief testing of $89-90.
Channel Resistance Focus
Price near $100.25 approaches upper channel resistance near $104-106 as key upside hurdle.
Technical Indicators Support $105 Target
RSI climbs to 61 above signal line near 52, indicating buyer momentum with room for further upside.
The headline
WTI crude oil price rebounds above $93.39 point of control, indicating potential $105 target based on technical analysis.
