WTI OIL hit 1.5-year Resistance. Will it turn bearish again??WTI CRUDE OILTVC:USOILTradingShotWTI Oil (USOIL) hit its 1.5 year Resistance Zone this week in the aftermath of the Middle East escalations. That is the 1W MA200 (orange trend-line) - 1M MA50 (red trend-line) Zone, which has been holding as a Resistance with the market not closing a 1W candle above it since July 15 2024. The High so far has also come close to the top (Lower Highs trend-line) of the even longer Channel Down, while the 1W RSI hit its highest (overbought) level since June 2022. All these metrics show that the market isn't just overheated but this is technically the most optimal level for long-term selling. Structure-wise, it looks like its about to repeat the April - September 2024 Bearish Leg, as the sequence that led to the current rally is similar to the 2023 fractal, both of which bouncing twice of a long-term Support Zone. The symmetry within this Channel Down is very high, with its key Bearish Legs putting up similar declines (-32% and -28.50% in 2023 against -31.50% and -29% in 2025). As a result, we expect a similar decline back to the long-term Support Zone as in September 2024, targeting $56.00. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇