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US Crude Oil (WTI) Technical Analysis
US crude oil futures extended their downside trajectory during the previous session, sliding to an intraday low of approximately $88.72 amid mounting selling pressure across the contract.
Technical Outlook – 4-Hour Timeframe:
On the short-term horizon, prices remain under substantial downward pressure as trading persists beneath the simple moving averages, which are functioning as a dynamic resistance barrier and reinforcing the prevailing bearish trend.
Selling pressure intensified further after the price successfully breached a short-term ascending trendline — a technical breakdown that strengthens the probability of additional declines over the upcoming period.
Bearish (Most Likely) Scenario:
As long as trading remains capped below the $99.20 resistance ceiling, the bearish bias will retain the upper hand, with the initial target set at $88.60.
Bullish Scenario:
Conversely, a sustained recovery and stabilization above $100.50 could ignite a buying-driven rebound, paving the way toward $102.50 as the initial upside target.
Disclaimer: Trading oil carries substantial risk and may not be suitable for all investors.
Risk Alert: Risk levels remain elevated amid persistent trade frictions and geopolitical tensions — all scenarios should be considered plausible.
Trading in CFDs involves high risk, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.
| S1: 88.60 | R1: 102.50 |
| S2: 81.70 | R2: 109.50 |
| S3: 74.70 | R3: 116.40 |
