WTI Eyes Break Above $100 as Bulls Regain Control

Warren Takunda

Traders' Opinions

Summary:

WTI Holds Firm Above Support as Breakout Pressure Intensifies

BUY WTI

EXP

TRADING

99.184

Entry Price

112.000

95.800

99.495 +1.290 +1.31%

0.0

Pips

Flat

95.800

Exit Price

99.184

Entry Price

112.000

Price action in West Texas Intermediate (WTI) crude continues to favor the upside despite recent volatility, with the commodity stabilizing just below the psychologically important $100.00 barrier on the 4-hour chart. After briefly dipping toward the $96.00 support zone, buyers returned aggressively, defending a key breakout region and reinforcing the broader bullish structure that has dominated since mid-April.

WTI Eyes Break Above $100 as Bulls Regain Control_1

The latest rebound suggests that the recent pullback was corrective rather than the beginning of a broader bearish reversal. WTI has consistently printed higher lows over the past several weeks, while the recovery from the May lows near $86.00 remains technically significant. The market is now attempting to build momentum for another assault on the critical $102.00–$105.00 resistance band, an area that previously rejected bullish advances earlier this month.

A sustained move above the $100.00 psychological handle would likely strengthen bullish momentum considerably and encourage fresh speculative buying. If bulls manage to clear the $105.00 resistance zone decisively, the next upside target comes into focus near $112.00, which represents a major resistance region and aligns with the projected breakout path visible on the chart. Such a move would signal a continuation of the broader bullish cycle fueled by persistent geopolitical tensions, supply concerns, and expectations of tighter global energy markets.

On the downside, immediate support is now seen around the $96.00 area, which has emerged as an important technical floor following multiple successful retests. This region also marks the midpoint of the latest bullish leg higher and remains crucial for maintaining near-term upside momentum. A break below this support would expose the $91.50–$92.00 zone, where buyers previously re-entered the market aggressively during earlier consolidation phases.

Should sellers force a sustained move beneath the $91.00 region, it would weaken the current bullish structure and potentially trigger a deeper retracement toward the major support zone near $85.00. However, based on current price behavior, bearish momentum still appears limited, particularly as dip-buying activity continues to emerge on declines.

Momentum conditions continue to favor the bulls overall. The Relative Strength Index (RSI) appears to be recovering after cooling from previously overbought conditions, suggesting that bullish momentum is resetting rather than collapsing. This type of price action often supports continuation rallies within broader uptrends. Meanwhile, the Moving Average Convergence Divergence (MACD) is attempting to turn higher again after a shallow pullback, indicating fading bearish pressure and improving upside momentum.

From a broader market perspective, the structure remains constructive while prices hold above the $96.00 support zone. The combination of higher lows, resilient demand near support, and repeated attempts to reclaim $100.00 suggests that traders continue positioning for another leg higher in crude prices.

TRADE RECOMMENDATION

BUY WTI

ENTRY PRICE: 99.20

STOP LOSS: 95.80

TAKE PROFIT: 112.00

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data

WTI Eyes Break Above $100 as Bulls Regain Control

Risk Disclosure