1
NAby u/naledi38·4dAnalysis

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

2 Comments

JMu/johnson_marcus·4d

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?

4
SVu/siti.vo·4d

Interesting point about the $80.50 invalidation. I've been noticing similar price action around that level. Do you think a wider market sentiment shift would be needed to break through, or just a strong catalyst specific to oil?

0

More like this