On the H1 chart for XTIUSD (WTI crude oil), the price has been consolidating within a range of 69.08 to 70.87 since June 25, 2026. The recent close at 70.39 shows a bullish bias, with the price testing resistance near 70.45 and 70.55 multiple times. The breakout above the consolidation high of 70.87 was met with a surge in volume (1469), indicating strong institutional participation and validating the upward momentum. The support level at 69.02 aligns with the recent low, acting as a critical psychological barrier. The current setup suggests a continuation of the bullish trend, as the price has…

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