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ASby u/astoicaRomania·3dAnalysis

WTI 80.50 resistance holding for now

Watching WTI closely here. The 80.50 level has proven to be a stubborn resistance point over the last few sessions. Each time it tests, we see a decent rejection. To me, it suggests a lack of conviction for a sustained break higher, at least for now.

My invalidation for this short-term view would be a clear daily close above 81.00. That would indicate a potential shift in momentum and likely a retest of 82.50. Until then, I'm biased to fade strength into that 80.50-81.00 zone, expecting continued consolidation or a retracement.

1 comments · 1 points

1 Comments

AYu/aylin45·3d

I'd be careful relying too heavily on an 80.50 resistance, especially with the geopolitical climate. Volume behind those rejections is more important than the price point itself. What's your average true range looking like?

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