Crude has recently corrected sharply from 95–100 zone to sub-90 levels due to easing geopolitical tensions. Latest developments show ceasefire talks in the Middle East, which triggered a ~5% price drop, reducing supply fears.
However, underlying structure remains highly volatile, as supply disruptions are still not fully resolved.
📊 Technical Structure (Intraday / Short-Term)
Trend: Bearish pullback within broader volatile range
Momentum: Weak (profit booking phase)
🔻 Resistance Levels:
90.50 – 91.50 → Immediate supply zone
94.00 – 95.00 → Strong resistance (trend reversal zone)
🔻 Support Levels:
87.50 → Immediate support
85.50 → Key breakdown level
83.00 → Next bearish target
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