Crude Oil (WTI) OIL technical analysis

OIL trades at $91.169, down 0.11% over 24 hours. Intraday momentum is positive per RSI14 at 62 on the 4h chart, yet the daily RSI14 of 68 suggests the uptrend may be maturing, with price holding above the 4h SMA20 of 90.6955.

Price is battling the 4h resistance zone of 91.3432-91.6168, which has seen one touch, against the immediate 4h support at 90.7232-90.9968, also touched once. A deeper 4h support sits at 89.4332-89.7068, with daily resistance at 93.14-93.64 having three touches.

For bulls, a decisive break above 91.6168 opens the path toward 92.1532-92.4268, needing sustained closes above that. Bears need a loss of the 90.7232 support, targeting the 89.4332 zone, with the rising 4h trendline near 89.1639 as a critical floor.