WTI Oil Holds Above $93.50 as Bullish Momentum Builds

WTI crude oil is trading around $93.60, after reaching an intraday high of $94.99. The move above the previous $93.50 high strengthens the bullish technical picture.

On the daily chart, WTI remains firmly above its 7-day, 20-day, 50-day and 100-day moving averages, with the short-term averages rising above the longer-term ones. This suggests that the broader uptrend remains intact.

Momentum is also supportive. The MACD remains above its signal line, while the positive histogram indicates that bullish momentum is still building.

From here, $93.50 becomes an important level to watch. Holding above this area could keep the door open for a move toward $100，while a break below $93.50 could trigger some short-term profit-taking.

With geopolitical tensions adding to supply concerns, WTI could remain highly sensitive to further headlines, making the $93.50–$100 range an important area for traders to watch.