Market Structure

The short-term structure has turned bearish. Price has printed a sequence of lower highs and lower lows following the recent breakdown, indicating that sellers currently control market momentum.

Key Resistance

First Resistance: 76.00–76.50
This is the nearest resistance where the previous support has turned into potential selling pressure.

Second Resistance: 78.00–79.00
A recovery above this area would weaken the current bearish outlook and improve the probability of a larger rebound.

Key Support

First Support: 74.50–75.00
The market is currently testing this support zone. Holding above it may temporarily slow the decline.

Second Support: 72.50–73.00
If selling pressure accelerates, this becomes the next major downside objective.

Market Sentiment

Market sentiment remains bearish.

The recent breakdown has significantly weakened buyer confidence, while the lack of a strong recovery suggests sellers continue to dominate. Until price reclaims key resistance, rallies are likely to be viewed as corrective moves within a broader downside structure.

Please share your view below:

Will WTI Crude Oil find support and begin a stronger recovery? Or will sellers continue pushing prices toward the next major support zone?

More market structure and key level updates will be shared regularly.