WTI Crude Oil Market Analysis 2026.04.17 Before crude oil broke through 100, I mentioned that the move up from 75.6 was a rebound and provided a rebound target near 104. Later, crude oil rebounded to 106 before crashing. In the chart from 4.13, the resistance level given was spot on. Now, crude oil prices have reached 80.4, and it’s currently moving in a downtrend of the same level as the black segment on the left side of the chart. My view remains unchanged: 75.6 cannot serve as the bottom for crude oil. This perspective, which was mocked by many netizens when I proposed it on 3.27, is now about to become reality.