We saw declines in oil yesterday due to profit taking. Technically, if 75.50 is exceeded, 79.00 can be targeted. As long as the 67/65 band is maintained, possible declines may provide a buying opportunity.
![WTI Analysis 9-January-2025](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNjU1IiBoZWlnaHQ9IjgxMCIgdmlld0JveD0iMCAwIDE2NTUgODEwIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
Resistance | 75.50 | 77.00 | 79.00 |
Support | 72.00 | 67.00 | 65.00 |