24 September 2026 – Rehana William |Financial Consultant _Forex_Gold Xauusd| Fund Manager
Technical Summary :
WTI is showing a short-term recovery from the 92.50–93.50 support region, with price currently around 96.10. However, the broader structure remains constrained by the descending trendline and the 96.50–96.60 resistance zone.
Bullish Scenario:
A sustained breakout above 96.50–96.60 could strengthen the recovery and open the way toward 97.80–98.00. A decisive move above 98.50 would provide stronger confirmation for a potential extension toward 100.50–101.00.
Bearish Scenario:
Failure to break 96.50–96.60, followed by rejection, could trigger a pullback toward 95.30–94.70. A break below 94.70 may increase downside pressure toward 93.50, with 92.50 remaining the major support.
Key Levels:
Resistance: 96.50–96.60 / 97.80–98.00 / 98.50
Support: 95.30–94.70 / 93.50 / 92.50
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Market View:
WTI is attempting a recovery, but the 96.50–96.60 zone is the immediate decision area. Holding above this resistance could shift momentum toward 97.80–98.50, while rejection may keep the price range-bound or expose 94.70–93.50 on the downside.
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