Crude Oil WTI Technical Analysis: Bull target at 66.50 mission accomplished - What is next?

Crude oil bull trend has been on pause since July 3.
Bulls broke to the upside from the triangle compression pattern and reached target area 1 in the 66.30-66.53 zone. It is now reasonable to expect some consolidation. If the bearish trendline (blue) is cleared, bulls next objective is to drive the market to target 2 in the 67.16-67.72 zone.
A sustained bear breakout below 65.71 would negate the bullish bias.

Flavio Tosti Independent Analyst

Crude oil WTI 15-minute chart

Spot rate: 66.22
Relative change: 1.22%
High: 66.47
Low: 65.28

Main Trend: Bullish

Resistance 1: 66.30-66.53 area, July 18 swing low and June 20 high
Resistance 2: 67.16 June 14 high
Resistance 3: 67.72-67.84 June 26 low and August 14 high

Support 1: 65.71, June 22 low
Support 2: 64.60 May 28 low
Support 3: 64.00 figure
Support 4: 63.63 June 11 low
Support 5: 62.40 June 18 low

Author

Flavio Tosti

Independent Analyst

EUR/USD retreats below 1.1800 following earlier rebound

EUR/USD loses its recovery momentum and trades little-changed on the day below 1.1300 in the second half of the day on Wednesday. The modest improvement seen in risk mood limits the US Dollar's gains and allows the pair to hold its ground.

GBP/USD clings to small gains above 1.3500

GBP/USD is posting moderate gains above 1.3500 on Wednesday. The pair edges higher as the US Dollar meets fresh supply amid a modest improvement seen in risk sentiment following US President Donald Trump’s first State of the Union address.

Gold rises toward $5,200, supported by geopolitics and trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.