Crude Oil Market Update

Crude Oil is currently trading near $97.10, maintaining a strong bullish trend while entering a short-term pullback and consolidation phase.

The market is currently positioned in a decision zone, where the next move will likely determine continuation or correction.

Market Structure Insight

• Bullish structure remains intact

• Price holding above $95 breakout zone

• Consolidation near mid-range levels

• Volatility elevated due to geopolitical developments

Key Levels

Resistance

• $98.50

• $100.00 – Psychological level

• $103.50

Support

• $95.80

• $94.00

• $91.50

📈 Bullish Scenario

Holding above $95.80 could lead to continuation toward $100 and beyond.

📉 Bearish Scenario

A breakdown below $95.80 may trigger a pullback toward $94.00 or $91.50.

📌 The $95–$100 range is the key zone that will decide the next major move.

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