Trading Insights

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WTI Crude Oil

Oil Consolidates Amid Supply Surplus


WTI remains range-bound amid supply surplus and tentative trade optimism. Price tests consolidation boundaries with modest bullish pressures but overall structure tilts lower.


Key Levels: Support at $55.169 | Resistance at $59.683
Investor Takeaway: Oil likely to trade sideways to slightly lower; buyers should be cautious, and rallies may be limited by supply pressures.