US Oil Analysis 16-September-2024

by solidadmin September 16, 2024 · Commodities / WTI Crude Oil Analysis

WTI Oil, which has been under pressure recently, managed to recover from our critical support area. At this stage, following technical levels will be important instead of fundamental developments. Technically, we are watching the 67/65 band as support. As long as this area remains above, we expect upward movements to continue. Above, 71.50 will be the first important resistance. If this threshold is passed, we expect purchases to gain momentum. As long as the 67/65 band remains above, purchase opportunities can be looked at in pullbacks.