WTI Crude Oil XTIUSD Chart Technical Outlook holds within a bullish channel formation, with intraday support located at $72.00.
We have seen continued upward pressure since the $65.64 swing low. Oil is holding within a bullish channel formation.
Intraday support is located at $72.00.
Bespoke resistance is located at $75.24. We have a 61.8% pullback level located at $74.85. We have a supply zone from September 2 located at $74.16-$75.05.
Resistance: $74.16 (supply), $74.85 (61.8%), $75.24 (bespoke)
Support: $72 (demand), $71.74 (trend line), $69.71 (swing low)
