WTI Crude Oil – Technical Analysis (H1)

The asset remains under technical pressure, with a fully formed upward correction now in place. This setup allows bears to anticipate a new downward swing toward the recent low at 73.50.

Key Levels:

□ Downside target: 73.50

□ Upside target: 80.00

Primary Scenario:

Transition into a decline toward 73.50 (the target may extend beyond the current session).

Alternative Scenario:

Upside breakout toward $80.00 should NFP data prove supportive for the US dollar.

Analyst Commentary:

Oil’s price action depends not only on the NFP release but also on the US–Iran negotiation track. Monitor related headlines closely and keep risk tightly controlled.