WTI crude stalls at $104.46 as momentum fades

West Texas Intermediate crude oil stalled near $104.46 per barrel, trading at $102.99, as fading momentum and declining volume signal a potential reversal from recent parabolic gains. Technical indicators show weakening upward force, with the MACD histogram fading and RSI at 69.49 approaching overbought territory. Key support sits at $97.88–98.50, while resistance at $103.50–104.46 has repeatedly rejected advances, creating a high-risk chop zone between $99.00 and $103.00. A decisive close above $104.46 could trigger fresh highs targeting $108–110, while a sustained drop below $97.88 risks deeper retracements toward $93.67. Elevated volatility of 1.8% means moves could be sharp, prompting analysts to urge tighter risk controls.