WTI Crude is trading around $83.88 and has recovered well from the $74.21 Support Area. Price is also above the 50 and 100 EMAs, signaling that short term Buyers have control of the market. The latest candles are displaying some hesitation just beneath resistance, and although WTI is above $81.60, the breakout structure is still valid.
The RSI is around 64 and indicates strong bullish momentum, but not that it is in Overbought territory. $84.74 is one of the first resistance levels that is close by, and $86.87 and $90.04 follow afterward. On the contrary, the first support is around the $81.60 level, and the EMA cluster around $80.50 seems to be a stronger support level as well as the $80.90 level. In my opinion, the $81.60 level is aIFial and active bullish structure level. Above that, a strong bullish structure level is set once price breaks $84.74.