fossil energy, oil embargo, price increase-7174464.jpg

4H Chart

WTI has shown a strong bullish since July 2023.

Orange line suggests strong resistance at $93. WTI could bounce off the resistance and reverse to hit the demand zone just above $84 per barrel. Look to expect WTI to climb back up from the demand zone (around $84) to break the $93.64 mark to continue the bullish trend.

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