WTI Crude Oil turned neutal on its 1D technical outlook (RSI = 49.230, MACD = 0.560, ADX = 42.547) after it opened close to the 4H MA200 following further U.S.-Iran deal progress. Technically, this is ranged trading inside the 4H MA200 and 4H MA50 region. Having completed July on a +39.50% rally, comparisons are inevitably drawn with the previous two +40% rallies that ended with lower bottoms both times. As the market remains inside a Channel Down, aiming for July's bottom minimum (TP = 67.00) should be straightforward.


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