WTI Crude Oil, Technical Analysis – H1

The market is trading in the middle of the range between two gaps around $92.00 and $98.00. Against the backdrop of de-escalation statements from Trump, bulls are struggling to break through the $96.50 zone, where multiple powerless wicks have been forming for several hours. As a result, a short-term cooling of prices and closure of the gap at $92.00 looks possible.

Key Levels:

□ $96.50 (key resistance)  

□ $92.00 (lower gap / support target)  

□ $98.00 (upper gap)

? Primary Scenario:

Decline toward $92.00, followed by an upward rebound.

? Alternative Scenario:

Continued consolidation around $96.50.

⚖️ Analyst Commentary:

Bets on closing the upper gap will look more attractive after the actual closure of the lower gap.