WTI Crude Oil (2H) – Bearish Continuation Setup

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WTI Crude Oil (2H) – Bearish Continuation SetupWTI CRUDE OILTVC:USOILMarketStrategysignalsπŸ›’οΈ WTI Crude Oil (2H) – Bearish Continuation Setup πŸ“‰ πŸ” Market Structure WTI remains in a well-defined descending channel, confirming that sellers continue to control the overall trend. Price is trading near the weekly low, while the broader market structure still favors lower prices. πŸ“Š Technical Outlook βœ… Strong bearish channel remains intact. βœ… Price is expected to retest the 70.50–75.50 resistance/supply zone. βœ… This area aligns with the upper channel boundary, increasing the probability of seller participation. βœ… A bearish rejection from this zone could trigger the next impulsive decline. 🎯 Trading Scenario πŸ“ˆ Pullback β†’ πŸ“‰ Rejection β†’ πŸš€ Sell Continuation Resistance Zone: 74.80 – 75.50 Confirmation: Bearish candlestick rejection or lower high. Downside Targets: 🎯 TP1: 68.90 (Weekly Low) 🎯 TP2: 66.50 🎯 TP3: 62.50 (Channel projection) ⚠️ Risk Factor A sustained breakout and close above the descending channel and 75.50 resistance would weaken the bearish outlook and could trigger a deeper corrective rally. πŸ’‘ Conclusion Bias: Bearish πŸ“‰ As long as WTI remains below the descending channel resistance, selling the rallies remains the higher-probability strategy. The highlighted resistance zone is the key area to watch for a fresh bearish continuation toward lower targets.