WTI crude oil is currently trading in a bullish recovery phase, supported by geopolitical risk and supply disruption fears.
However, short-term diplomatic signals have triggered temporary pullbacks, placing price near a key equilibrium zone.
📉 Market Structure
• Market Bias → Bullish
• Current Phase → Corrective pullback
• Volatility Driver → Geopolitical risk
👉 Bias: Bullish continuation after correction
🔴 Resistance Zone
95.50 – 97.50
Primary supply zone and upside barrier.
🟢 Support Zones
93.00 – 92.00 → Immediate support
90.00 – 89.50 → Strong demand
📐 Fibonacci Reaction
Current level near 0.5 (equilibrium) suggests indecision before directional move.
📌 Conclusion
Oil remains fundamentally bullish, with short-term corrections likely offering positioning opportunities before continuation.
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