Signal XTIUSD Buy — H4 - May 8, 2026 16:10 GMT-4
The WTI crude oil (Instrument: WTI crude oil) is trading on the H4 timeframe with a clear bullish bias. The recent candles show a strong upward momentum, with the price breaking above the key resistance level of 94.47. The volume, although not excessive, supports the move, indicating a significant increase in buying pressure. This setup suggests a strong continuation of the trend, with the price likely to test the next resistance level at 102.87. The current candle structure, with a clear high-low range expansion, further reinforces this view. The market is currently in a bullish trend, and the H4 candles…