WTI Surges Above 65$ ResistanceCrude oil is currently supported by a combination of energy sanctions, geopolitical tensions, and rate cut expectations — with price action eyeing the $70 barrier as long as it holds above $65.20.
WTI maintained its rebound above the 61.80–62.00 support zone — aligning with the neckline of the previous inverted head and shoulders formation — and has broken above the 65 resistance level, signaling a potential continuation of bullish momentum. Daily RSI has also moved above the neutral 50 level, further confirming upside momentum.
• A clean hold above 65.20 may extend the rally toward 68.00, 69.40, and 70.40 — the next major resistance levels.
• On the downside, 62.00 and 61.80 remain key support levels. A break below them could expose oil to deeper losses toward 59.40 and 57.90.
