WTIUSD

Crude Oil (WTI) gave a recovery signal by breaking upward from the downward trend it entered after the peak at the end of July in mid-August. However, after this breakout, the price struggled to find strong buyers, leading to lateral movement around the pivot level. To continue the upward trend, the resistance of $65.77 needs to be surpassed, while falling below the support of $63.29 could increase selling pressure again. The market is currently consolidating to determine a new direction.