u/Alive-Possibility204

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Price is stuck in a clean range, and it's getting tight.

Resistance: 109.2

Support: 101.3

Current Zone : 106 mid range chop

What's stand out:

Multiple rejections near 109 sellers active

Strong bounce from 101 buyers defending hard

Now forming lower volatility= breakout loading

Playbook:

Break above 109= momentum push likely

Breakdown below 101 = deeper correction opens

Right now? It's a waiting game , but not for long.

Are you betting on breakout or fakeout?

▲ 1

WTI just gave a sharp push towards the 108 - 109 zone but failed to hold quick rejection and now trading back near 106.

What I'm seeing:

Clear rejection from intraday highs = sellers still active

Price struggling to sustain above 107

Short term trend still weak unless 108 breaks clean

Key level to watch:

Resistance- 107.50- 108.50

Support - 104.50 - 103.80

If price stays below 107 more downside pressure likely

If bulls reclaim 108 we could see another push towards 110

Right now?

Looks like a fake breakout+ pullback phase

What do you think , continuation drop or another pump coming?