OIL.WTI stopped the upward move at the key resistance area today. Commodity bounced off the upper limit of 1:1 structure, which was also strengthened by the downward trendline. As long as the price sits below the $40.30 handle, the further downward move is the base case scenario. The nearest support to watch lies at $38.50, where the previous price reactions can be found.
OIL.WTI H4 interval. Source: xStation5
Daily wrap – US Export Restrictions on China and Weaker Earnings Trigger Wall Street Correction
🛢️WTI Crude Rises Over 2%
BREAKING: Oil inventories fell despite increase expectations. WTI trades below 59 USD
Chart of the day: GOLD (22.10.2025)