WTI Crude Oil (CONC) 1-Hour Market Analysis

WTI crude oil on the 1-hour chart previously surged to 93.29 and has continued to retreat, currently showing a downward trend. The latest price is 89.18, with the first resistance level above at 90.80 and the first support level below at 88.74. The probability of continued short-term decline is high; if it falls below 88.74, it will likely move further lower. If support holds, a minor range-bound correction is most likely.