The H1 chart of XTIUSD (WTI crude oil) reveals a potential bullish reversal setup. After a prolonged downtrend characterized by lower highs and lows, the recent rally from 68.93 has formed a bullish engulfing pattern around the 70.31 high, with heightened volume (3124) confirming buying pressure. The price action has been consolidating near the key support level at 70.31, which acted as a critical pivot point, preventing further downside. The current close at 70.31 aligns with the signal's entry level, suggesting a shift in momentum. A breakout above the prior resistance at 71.77, which has been a recurring barrier, could…

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