Looks like WTI filled the gap up from the change in OPEC policy on April 2. Appears quite oversold.
Time for some upward movement to the 90s
https://www.tradingview.com/x/CpbrmYns/
WTI oil technical chart
Re: WTI oil technical chart
Based on your daily chart it's right on the support of the 50% fib retracement from the high of $130.50 in early 2022 in both weekly and monthly time frames. The lows came in at $67.15 intraday in Mar 2023 on the monthly. If Current support holds at $74.67 on the daily, then the next fib at 0.382 would be $87.85. Next at $104.15 (fib 0.236) and $130.50 (fib 0.00).
The monthly chart WTIC target on the $78.51 (0.382 fib), $92.55 (0.236 fib) and $115.26 (0.00 fib). Then re-test at $139.68 all time highs from June 02, 2008.
The monthly chart WTIC target on the $78.51 (0.382 fib), $92.55 (0.236 fib) and $115.26 (0.00 fib). Then re-test at $139.68 all time highs from June 02, 2008.