Crude Oil WTI stalls below VWAP at $81.08: Hourly levels
Crude Oil WTI is consolidating around $81.08, sitting just below VWAP ($81.40) and the 50-period SMA, with the market stuck in a $80.00-$84.50 range. The article frames the move as a technical standoff: oversold momentum conditions (MFI 12.98) have not yet produced a rebound, while MACD remains bearish and low ADX (13.4) signals a weak trend. Traders are watching whether support at $79.80-$79.40 holds; a break could open downside toward $77.50 and $75.00, while a rebound from the lower end of the range could target $82.50, $84.50, and $87.40. The setup suggests near-term volatility could rise once the range breaks, but for now the market is directionless and prone to whipsaw.