WTI Crude Oil Technical Analysis: Key Support and Resistance Levels
WTI crude oil is trading around 101.549 on the 4-hour chart, with price approaching resistance at 101.90 and holding above key support at 100.33.
The short-term 4H structure remains bullish, with price forming higher highs and higher lows after recovering from the recent low at 96.41. The latest upward move has pushed crude oil toward its current local high, although resistance at 101.90 remains the immediate barrier to further gains.
On the upside, 101.90 is the first resistance to watch, followed by 102.59 and 106.76. A confirmed 4-hour close above 101.90 could extend the current advance toward these higher levels.
On the downside, 100.33 is the immediate support, followed by 99.41 and 96.91. A sustained break below 100.33 could increase selling pressure and weaken the current bullish structure.
For now, 100.33 is the key support level for WTI crude oil, while 101.90 remains the immediate resistance. A confirmed 4-hour close beyond either level could determine the market’s next short-term move.
| Resistance | 106.76 | 102.59 | 101.90 |
|---|---|---|---|
| Support | 100.33 | 99.41 | 96.91 |
