WTI Crude Oil Analysis 30-October-2024

After Israel did not target oil facilities in its attack on Iran, oil prices started this week with a gap-down opening. Afterwards, we see that prices remained horizontal.

We think that oil is technically in a critical support area. In the short term, we can expect an upward movement as long as it remains above the 67/65 band.

As the first target above, we are watching the 70 level, which was the gap-down level this week.