3 min readOIL (WTI/USD | BRENT):
Analysing the daily technicals, it’s clear that the price action remains constrained near the lows around the $69.00 level. If the price breaks to the upside, I will be monitoring the internal resistance levels around $78.00 and $84.00.
Focusing on the weekly timeframe, it’s evident that we are trading within a broader support zone, with the potential for a retest of this level before moving higher. The RSI indicator does not currently suggest that the price is either overbought or oversold in the short term.
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