Wed, 01 Apr 2026 07:57:18 GMT
Oil Technical Analysis
LIGHT.CMD/USD 15-minute chart displays a decisive bearish breakdown following an extended period of consolidation. After failing to maintain the 103.20 range, price action aggressively breached the psychological 100.00 threshold, turning former support levels into immediate overhead resistance.
The current market position at 97.525 reflects a high-volatility descent that is now encountering minor stabilization. Primary resistance is established at 99.50, while