WTI Crude Oil prices surge above $90.00 amid bullish technical trends

WTI Crude Oil has experienced a recent surge, climbing above the $90.00 mark. Technical analysis indicates a bullish trend line is forming with support levels identified at $87.50 and $87.80. While the price recently saw a minor pullback from a high of $92.62, it remains above key moving averages on the 4-hour chart.

Market analysts are monitoring the $95.00 to $100.00 range as a critical decision zone. Sustained movement above $95.00 could potentially drive prices toward $98.00 or $100.00. Some technical projections suggest that if a major impulsive move is underway, long-term targets could reach between $108.00 and $135.00, though a deeper correction toward the $71.00 level remains a possibility if current resistance levels are rejected.