WTI Crude Oil (CL1! 2026) — 4HR Update — August 7, 2026Bitcoin / TetherUSBINANCE:BTCUSDTWeiL9295Previously charted CL1! went accordingly. Though it didnt fully fill the gap, it has respected the downtrend. https://www.tradingview.com/chart/CL1!/woKbUAtp-WTI-Crude-Oil-CLU2026-4HR-Update-July-29-2026/Whats next? 4hr chart Structure - Downtrend respected — failed to fully fill the gap above confirming bearish bias intact - Currently sitting at 0.618 Fib retracement — key level for continuation Confluence for further downside Hidden bearish divergence forming on RSI — overbought conditions developing OBV convergent — supporting the move down Stoch RSI in overbought on 4hr Everything pointing in the same direction Two scenarios being watched One more low expected from current level CME gap below ~$72-73 as first target — watching for reaction there $70 monthly support below as deeper target if CME gap doesn't hold Bias: Bearish — targeting CME gap fill as first level to watch for reaction Trading is about waiting for levels and confirmations — no rush until the market shows its hand.