Yesterday’s outlook for WTI

Yesterday’s outlook for WTI Light Crude Oil played out well, as price respected the 110.00–111.00 support zone and then moved exactly toward the projected upside path. The reclaim above 114.50 BOS confirms buyers remain in control, and the recent FVG retest around 113.50–114.00 has already been defended.

The structure remains bullish on the 1H chart, with higher highs and higher lows still intact. As long as price holds above 114.00–113.50, the next upside targets remain 118.00 followed by the major resistance zone near 120.00.

Support: 114.00–113.50

S1: 112.00

S2: 110.00

Resistance: 116.50

R1: 118.00

R2: 120.00

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