WTI Crude Oil TA Weekly + 4-HourWest Texas OilOANDA:WTICOUSDJunmadayagWTI Crude Oil TA Weekly View: Long-term downtrend since 2022 highs, but a massive recent decline in September 2023 tested 55.50. Price pulled back to ~$71 then climbed up to 112 zone, RSI(28) spiked to 75.33 — strong momentum but overbought, signaling possible exhaustion and also due to recent Geopolitical tension in the Middle East, which is pressuring the price higher. 4H View: Short-term bullish breakout above S/R (4h) ~$110, tagging $112.844 high. Price holding above rising EMA 50 (orange) with EMA 200 (red) as lower support. RSI(28) at 64.17 — still bullish with room to run. Bullish Case: Clear break & hold above $112.844 → targets next weekly S/R at $120-125+. EMAs turning higher + solid RSI momentum = continuation rally. Bearish Case: Rejection at $112–$120 resistance + weekly overbought RSI → sharp pullback to $100 then EMA zone ~$70–$87 support. What do you think — oil bulls charging higher or due for a healthy correction? Drop your take below! Indicator Settings: Ema 50 (orange) Ema 200 (red) RSI: Period 28; SMA 50 #WTIOil #CrudeOil #TechnicalAnalysis #OilTrading #RSI #EMA #SRLlevels