WTI Crude Oil: Bearish Rejection — $72.56 Could Be Next
📊 Market Structure
WTI is showing a bearish 2H structure after failing to break the descending trendline.
🔴 Price remains below the descending trendline
🔴 Strong supply/resistance around $77.7–$78.3
🔴 Recent recovery appears to be forming a lower-high structure
🔴 Ichimoku cloud is acting as overhead resistance
🎯 Downside liquidity sits around $72.56 and $71.16
🎯 Bearish Trade Plan
Sell Zone: 77.70 – 78.30
Stop Loss: 80.00
TP1: 72.56
TP2: 71.16
Confirmation: Rejection from the supply zone + bearish CHoCH/BOS.
⚡ Trade Logic
The key area is $77.70–$78.30. If price retests this supply zone and fails to reclaim it, sellers could regain control.
A break below the recent short-term structure would strengthen the bearish continuation scenario.
🧲 Liquidity Map
Resistance / Supply
77.70–78.30 — key sell zone
80.00 — major invalidation area
Downside Targets
72.56 — TP1
71.16 — TP2 / major support
🐻 Bearish Scenario
If WTI rejects $77.70–$78.30 and breaks the nearby structure, downside continuation toward $72.56 becomes the primary scenario, with $71.16 as the extended target.
🐂 Bullish Invalidation
A strong 2H breakout and sustained close above the $78.30–$80.00 area would weaken the bearish setup and could trigger a deeper recovery.
📌 Final Bias
BEARISH 🔴
Don't chase the move — watch the $77.70–$78.30 supply zone for confirmation.
