2026-04-03 01:06:24

$USOIL

Crude Oil (WTI) is playing out exactly as discussed in our previous analysis. The $94.92/barrel level has now firmly established itself as a strong support, and despite the brief breakdown, price recovered with significant momentum, reinforcing bullish strength.
This kind of fast recovery typically signals strong demand and aggressive buyer participation. With structure holding firm and higher lows forming, WTI looks poised to target the $129.42/barrel level, which marks the March 2022 yearly high.
Momentum is gradually building, and demand continues to strengthen, suggesting it may only be a matter of time before price tests that zone. However, I’ll still monitor price action closely as we approach intermediate resistance levels.
The bulls remain in control as long as $94.92/barrel holds.
#NFA

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