Nudging against Supply here but holding up well. Been a real
see-saw day for WTIC but I would give it to the bulls so far , as
WTIC managed to pullback from being $3.5 down earlier to now being
up $1 (albeit it was up $2.5 when futures opened) . If it can break
through here, then I can't see any overhead resistance until it
reaches the 100% USO level of 130. On $WTIC, it's around $87 I
think.
RSI Trendline break will probably be a good trigger to exit
longs. MACD not heavily diverging yet
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USO
Posted by vimal on 20th of Jul 2026 at 03:05 pm
Nudging against Supply here but holding up well. Been a real see-saw day for WTIC but I would give it to the bulls so far , as WTIC managed to pullback from being $3.5 down earlier to now being up $1 (albeit it was up $2.5 when futures opened) . If it can break through here, then I can't see any overhead resistance until it reaches the 100% USO level of 130. On $WTIC, it's around $87 I think.
RSI Trendline break will probably be a good trigger to exit longs. MACD not heavily diverging yet