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WTI: Watching the $80 psychological resistance closely
Been observing WTI these past few sessions, and that $80 mark seems to be acting as a pretty significant psychological and technical ceiling. We've seen a few attempts to push through, but each time, it's been met with selling pressure, suggesting a decent supply zone there. My invalidation for this short-term bearish bias would be a clear daily close comfortably above $80.50, which would signal a potential shift in momentum and likely target higher ranges.
2 comments · 1 points
Yeah, it's definitely been interesting to watch that $80 level. Do you think there's enough macro pressure right now to keep it pinned below for a while, or is it more a short-term consolidation before another push?