WTI crude oil slips from a fresh high near $104, yet the broader bullish trend remains intact as traders weigh limited downside risks.
WTI crude oil is experiencing a technical pullback after reaching a significant multi-month high of $104.00 during the Asian trading session. Despite this retreat, the market maintains a bullish bias, indicating that the current price decline is likely constrained by underlying demand or supply tightness.
WTI is currently exhibiting a bullish bias despite a minor pullback from the $104.00 level.
WTI reached a fresh high since May 19, touching approximately $104.00.
West Texas Intermediate crude oil pulls back from a multi-month high of $104 per barrel during Friday's Asian trading session. Despite the intraday decline, market sentiment remains bullish with limited downside potential for the US benchmark.
WTI Crude Oil maintains a bullish bias despite a recent pullback from the $104 level, suggesting that downside movement remains limited.