Liang Ge Daily Gold | 3.22 Oil Market Preview for Next Week!

Oil has pulled back noticeably after surging on Middle East tensions earlier. WTI is currently trading around $93.5 in Asian hours, with market sentiment gradually easing from the previous extreme anxiety. The main drivers are softer rhetoric from both Trump and Israel—no ground troops deployment, no targeting of Iran's critical energy infrastructure—which has naturally cooled supply disruption fears.

From the daily chart, crude oil remains in an overall bullish structure, but the $95 level is exerting strong resistance, making upward moves challenging. Below that, we're first watching the $90 mark; if that breaks, the next target could be $87.

The RSI has also rolled over from overbought territory, indicating weakening short-term momentum. Looking at the 4-hour chart, each high is lower than the previous one, clearly forming a descending channel. Short-term resistance sits at $94.5–$95, with first support at $91. If that doesn't hold, the pullback could accelerate; if we manage to reclaim $95, the bulls still have a shot.

So for next week's trading strategy, Liang Ge still leans toward pullback-and-buy lows as the primary approach, with bounce-and-short rebounds as secondary. Upper resistance to watch is the $105–$110 zone, while lower support lies around the $92–$87 range.