WTI Crude Oil, Technical Analysis – H4

? The asset is currently testing the demand area at $89.50–$99.00. We assess the probability of a sharp upward rebound from this zone as very high. If the scenario plays out, the price can be expected to reach the $99.00–$100.00 region.

Key Levels: 

□ $89.50 – lower boundary of demand zone  

□ $99.00 – key resistance / initial upside target  

□ $100.00 – main upside target  

? Primary Scenario:  

Sharp upward reversal from the $89.50–$99.00 zone.

? Alternative Scenario:  

Breakdown below the $89.50 support level and continuation of the downtrend.

⚖️ Analyst Commentary:

A short squeeze cannot be ruled out in this zone, therefore it is advisable to wait for clear confirmation of the reversal before opening long positions.