WTI: Trend Reversal Confirmed Below 67.000

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WTI: Trend Reversal Confirmed Below 67.000West Texas Intermediate Crude Oil cashBLACKBULL:WTIfullpriceactionThe current technical analysis of West Texas Intermediate (WTI) on the 4H timeframe reveals a significant shift in market dynamics. After repeatedly testing the psychological resistance level at 67.000, the price formed a classic Double Top reversal pattern. This sharp rejection indicates buyer exhaustion and a takeover by bearish pressure. A key confirmation signal has just triggered with the break of the intermediate support at 65.500. This previous pivot level has been breached to the downside, flipping the former demand zone into a potential resistance area. Currently, oil prices appear to be heading towards filling the imbalance (FVG) created during the rapid surge on February 18th. The primary technical target is now the major support zone between 62.500 and 63.000. As long as the price remains below 65.500, the short-term bias remains resolutely bearish. Traders should closely monitor the price action at the final support level, as a bounce or a break here will define the trend for March.