WTI Light Crude Oil (18H) – Technical Analysis

1️⃣ Bullish Triangle Pattern
The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout.

2️⃣ Strong Support Level
The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside.

3️⃣ Broken Resistance Line
The descending trendline has been broken, signaling a shift in momentum toward buyers.

4️⃣ Potential Uprise
The breakout suggests upside potential toward:

🟢 Target 1- $71.23
🟢 Target 2-$73.00
🟢 Target 3-$77.54

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Chart PatternsTechnical IndicatorsTrend Analysis

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