WTI Crude Oil
WTI Crude Oil — Reversal Off Geopolitical Highs
Oil has rallied sharply on Middle East supply-risk headlines, pushing into the Monthly Open zone (84.589) and a longer-term descending trendline. Moves driven by fear premium often mean-revert once tensions ease — this is the setup worth tracking.
Key levels:
- Rejection zone: 84.00–85.50
- First target: 75.196–75.390
- Extended target: 69.942
- Invalidation: above 86.87
Expect a corrective bounce toward 82.382 mid-move before continuation lower — not a signal to fade the whole move in one shot.
"The Art of Real Trading"