WTI Crude Oil Analysis 10-October-2024

WTI Crude Oil, which rose from $65 to $78, then made a downward correction. Here we see that technical levels are working.

Although decreasing geopolitical risks are pulling oil prices down, we think that the positive outlook continues from a technical perspective.

In the short term, as long as the 72 band and the 67/65 band remain above, we expect the upward potential to continue and pullbacks to provide a buying opportunity.

Above, we are watching the 78/80 band as a resistance and realization zone.