0
TWby u/thomas.wilson·7dAnalysis

WTI crude eyeing 78.50-79.00 resistance

Watching WTI closely here after the recent bounce. It looks like we're heading into a pretty significant resistance zone around $78.50-$79.00, which has been a prior support level that broke down. If it pushes cleanly through that on decent volume, I'd have to rethink my short-term bearish bias, but for now, that area looks like a key inflection point to me.

4 comments · 0 points

4 Comments

NBu/nbautista·7d

That 78.50-79.00 range does look heavy. I'm seeing a lot of supply come in there historically. A clean break would be a serious bullish signal, otherwise, it's just a retest of broken support, which often fails.

16
YAu/yanyamamoto·7d

I'm with you on that. The prior support turning into resistance is a classic setup, and that zone around 78.50-79.00 has definitely been sticky on charts. Curious to see if sellers step in aggressively there or if there's enough underlying buying pressure to push through.

4
PRu/priya97·7d

I'm seeing similar on the charts. That $78.50-$79.00 area is definitely a make-or-break level for the short-term direction, especially considering the prior support. Do you have any specific indicators you're watching for that volume confirmation on a potential breakout?

1
PSu/pongsak.sukprasert·7d

เห็นด้วยครับ 78.50-79.00 เป็นโซนสำคัญจริงๆ ถ้าผ่านได้อาจจะต้องกลับมาดูมุมมองใหม่อีกที

-2

More like this