WTI Crude Oil Futures May Fall Into $90.45-$91.61 Range
WTI crude oil futures (CL1!) may decline to the $90.45-$91.61 per barrel range, facing strong resistance at $93.49. A retracement analysis of the downtrend from $96.53 indicates this level as a key barrier where momentum seems to have been lost.
US oil NYMEX:CL1! 49. 53 points to that barrier, around which the contract appears to have lost momentum. 55, the 50% level, is also noted.