Crude Oil Market Update
Crude Oil is currently trading near $95.10, maintaining strong bullish momentum due to rising geopolitical tensions and supply concerns.
The market is currently pricing in a geopolitical risk premium, which has supported the recent rally in oil prices.
Key Technical Levels
Resistance
• $96.20
• $100.00 – Psychological level
• $104.50
Support
• $92.50
• $90.00
• $86.00
📈 Bullish Scenario
If crude oil sustains above $96.20, the rally may extend toward $100 and potentially $104.50.
📉 Bearish Scenario
Failure to break resistance could trigger profit-taking toward $92.50 or $90.00 support.
📌 The $96–$100 zone will be critical in determining whether the current rally continues.
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