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WTI crude oil monthly analysis — 6 November 2026

FXFibo editorial · · 1 min read
Summary

WTI was rejected at 102.84 (Fibonacci 0.786), below the 110.78–115.61 supply zone, and is now around 90.8.

BiasNeutralEntry zone—Stop loss—Target 1—Target 2—StatusActive
WTI crude oil monthly analysis — 6 November 2026

Main scenario

Main scenario: a correction to 83.72 (0.5) and 76.9–75.8 (0.618 and bullish CHoCH), possibly down to around 61 near the 54.86–57.60 demand zone.

Alternative scenario

Long term: after the correction, a rally above the 2022 high at 126.35.

Key levels

Resistance: 98.96, 102.84, 110.78–115.61, 126.35 · Support: 90.53, 83.72, 76.91, 75.80, 54.86–57.60

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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.