Chart of the day - OIL.WTI (06.10.2022)

WTI crude futures traded near $88.00 per barrel on Thursday, having rallied more than 10% so far this week as OPEC+ agreed to cut output by 2 million barrels per day, the biggest output cut since the start of the pandemic. Yesterday the price broke above the major resistance zone around $87.60, which is marked with upper limit of the local 1:1 structure, downward trendline and 61.8% Fibonacci retracement of the upward wave launched in December 2021. As long as price sits above this level, upward move may accelerate towards next resistance at $92.75.

OIL.WTI, H4 interval. Source: xStation5

10 July 2026, 6:35 PM

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10 July 2026, 5:54 PM

Three markets to watch next week (10.07.2026)

10 July 2026, 3:59 PM

BREAKING: Iran and US are back at the negotiation table?! Oil takes a step back, stocks tick up!

9 July 2026, 6:52 PM

Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off US–Iran Tensions

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