Oil is showing signs of weakness after facing a strong rejection from the heavy supply zone near 458.00–460.00, where sellers successfully defended higher prices. Following the rejection, price broke below the short-term ascending trendline, indicating that bullish momentum is fading and bears are beginning to take control.

The recent lower high formation and failure to reclaim the resistance area suggest that selling pressure remains dominant. As long as price stays below the 452.00–456.00 resistance zone, the market could continue its move toward lower support levels. A confirmed rejection from the marked resistance may accelerate the bearish continuation.

(SELL Setup) 🔴

🔴 1st Support: 444.30
🔴 2nd Support: 438.15
🔴 Final Support: 433.70
🟢 Resistance Zone: 452.00 – 456.00
🟡 Major Supply Zone: 458.00 – 460.00

✅ Technical Outlook:
The overall structure favors the bears while price remains below the resistance zone. A strong break below 444.30 could open the way toward 438.15 and 433.70. However, a sustained move above 456.00–460.00 would invalidate the current bearish outlook and shift momentum back in favor of buyers.

⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice. Always use proper risk management before entering any trade.