WTI Crude Oil Analysis 23-October-2024

We have been watching relatively calm movements in oil since last week. There are fluctuations up and down in the short term.

Since there is no development on the fundamental side at this stage, it will be important to follow the technical outlook.

From a technical perspective, as long as the 67/65 band remains above, we expect pullbacks to provide buying opportunities.

Above, 72 is the first critical resistance. If this threshold is passed, upward movements will gain momentum.