u/riyaaaa1111

Oil is still holding strong above the 104.80 support area, showing buyers are active despite market volatility. Geopolitical tensions and supply concerns continue to support prices in the short term

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🔹 Support: 104.80 – 103.20

🔹 Resistance: 108.20 – 110.50

If price breaks above 108.20, oil could push toward 110+.

But if 104.80 fails, a pullback toward 102 is possible.

For now, the trend remains slightly bullish while support holds

How was your trading experience today, guys? How did your trades go?

WTI Oil is staying volatile right now, mainly driven by geopolitical tensions and supply concerns. Price is hovering around the $105 zone, with the $100 level acting as a strong psychological base.

On the 1H chart, the trend is neutral to slightly bullish, but momentum is slowing down, suggesting we’re entering a consolidation phase.

Key levels to watch:

Resistance: 103.5–104.8 (immediate selling pressure), 106–108 (breakout zone)

Support: 101.2–100 (key support), 98.5–97 (breakdown zone)

A move above 106 could trigger further upside, while losing 100 may shift the structure bearish.

More insight 👉 https://chat.whatsapp.com/DTUYddA6MxbIZI5GZkfb7m

WTI has reached a 7-week high of around $107.35 but has pulled back to just over $104.85 during the European trading session. Despite this pullback, there continues to be a generally bullish outlook, especially with tension in the Strait of Hormuz and President Trump's warning about possible extended blockades of Iranian ports. Fed Chairman Powell also signaled that there are no plans for immediate interest rate changes, which helps to create stability in the overall macroeconomic backdrop.