USOIL BULLISH RETRACEMENT

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USOIL BULLISH RETRACEMENTWTI CRUDE OILTVC:USOILTraderChampXThe 1-hour chart for CFDs on WTI Crude Oil indicates a clear trend reversal following a breakout from a long-standing ascending trendline. After peaking above $105.00, price action broke down through the trendline support near $102.00 and sliced below the horizontal demand zone around $99.50–$100.00. Currently trading at $97.37, the projected trajectory anticipates a temporary continuation downward to test the lower support zone around $95.50–$96.00. A bullish recovery from this support level is expected to trigger a relief pull-back toward the broken demand zone near $99.50 to retest it as new resistance.