WTI Crude Oil (CONC) 1-Hour Market Analysis

WTI crude oil is currently showing a relatively strong oscillatory trend on the 1-hour chart, with prices continuously rebounding from the intraday low. The upper resistance level is around today's high at 80.87, and the first support level is near 79.6, with strong support at today's low of 78.91. In the short term, it is expected to first test the upper resistance; if this level is effectively broken, prices may move higher. If not, a pullback could occur, maintaining the current range-bound pattern.