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March WTI Crude Oil
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Oil News: Will Supply Shock Spike Crude Oil Above $66.49 Resistance?
FX Empire· 2026-01-30 16:39
At 16:28 GMT, March WTI Crude Oil is trading $65.87, up $0.45 or +0.69%.Inside Move Signals Critical Decision PointDespite the potentially bullish outlook, the market is vulnerable to the downside with the nearest support an uptrend line at $61.41 and a short-term 50% level at $60.66.The inside move is the appropriate chart pattern at this time because it could be signaling an upcoming transition to “super bullish” or “mildly bearish”. Since we are experiencing a headline-driven rally, the chart pattern is ...