WTI Crude Oil (CONC) 2-Hour Market Analysis

WTI crude oil showed a volatile upward movement previously, reaching a peak at 93.5 before beginning to decline and is currently in a downward retracement trend. The first support level is the intraday low at 88.94, the first resistance level is at 90.5, and the secondary resistance is at 92.83. The short-term trend is weak, with a high probability of first testing the 88.94 support; if it breaks below, it will fall further. If support holds, a minor rebound or correction may occur.