WTI Crude Oil Shifts to Uptrend After Channel Resistance Cleared

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WTI Crude Oil Shifts to Uptrend After Channel Resistance ClearedWTI CRUDE OILTVC:USOILDynamic_Trade_StrategiesThis weekly WTI crude oil chart shows a breakout from a long-term descending channel. Price had been making lower highs and lower lows, respecting downward trendlines. Recently, strong buying pressure pushed price above the channel resistance and key resistance zone, signaling a potential trend reversal. The breakout is supported by bullish momentum and improving structure, suggesting further upside if price holds above the breakout level. Previous resistance may now act as support on pullbacks. If bullish momentum continues, the first target is 80.10. A sustained move higher could lead price toward the second target at 87.50, confirming stronger upside continuation. If you found this XAUUSD analysis helpful, donโ€™t forget to LIKE ๐Ÿ‘ and COMMENT ๐Ÿ’ฌ!