OIL UPWARD TREND UPCOMING SOONThe chart displays WTI Crude Oil (CFDs) on a 1-hour timeframe, with the price currently testing the resistance zone around 67.60. The price has formed a clear upward trend within a channel, with support near 67.00 and an order block around 67.20. After the recent price action, there’s a potential for a pullback from the resistance area before continuing upward.
The target is set at 67.64, indicating that if the price manages to break through the resistance, it could move further in the upward direction. Traders should look for confirmation of this breakout or potential reversal to enter positions, with the support zone acting as a key level to monitor for any downward movements.