WTI Crude Oil (CL1!) | Bearish Momentum Continues | Key Support
WTI Crude Oil Analysis | Key Support Under Pressure
Oil continues to trade under heavy bearish pressure after a sharp impulsive sell-off.
🔍 Technical Outlook:
Price has reached a major demand/support zone around 75.00–74.80.
Sellers remain in control while price stays below the previous intraday resistance.
A confirmed breakdown below this support could open the door for further downside.
If buyers defend this area, a short-term relief bounce toward the nearest resistance is possible.
Key Levels
Do you expect WTI to break below 75.00 or will buyers step in? Share your view below.
📉 Support: 75.00 – 74.80
📈 Resistance: 76.80 – 78.00
Bias: Bearish until proven otherwise.
⚠️ This is my personal technical analysis, not financial advice.