WTI Crude Oil, Technical Analysis – H1

The market has successfully closed the lower gap in the $80-per-barrel zone and transitioned into an upward move toward the upper gap (with the blessing of Donald Trump and the IRGC). Impulse and momentum are significant, allowing a high degree of confidence in expecting oil near $83.00.

Key Levels:

□ Resistance / Target: $83.00

□ Intermediate: $81.00

□ Support: $80.00

Primary Scenario:

Rise to $83.00.

Alternative Scenario:

Consolidation in the $80.00–$81.00 range.

Analyst Commentary:

Long positions can be considered on a retest of the $80.00 zone.