🛢️ WTI Crude Oil (USOIL) Technical Analysis (2H) 📊
🔍 Market Overview

WTI Crude Oil remains under bearish pressure after facing a strong rejection from the 93.40 resistance zone. The market has formed lower highs and lower lows, confirming that sellers are still controlling the trend. Price is currently trading near 79.90, a key area where buyers may attempt a temporary defense.

📉 Technical Structure
✅ Strong rejection from the 93.40 resistance level.
🔄 Two visible Fair Value Gaps (FVGs) have acted as supply zones, pushing price lower.
⚠️ Previous Change of Character (CHoCH) has failed to sustain bullish momentum.
📊 Price is trading below recent swing highs, maintaining a bearish market structure.
🎯 Expected Scenario

The chart suggests that price may first perform a short-term liquidity sweep below the current support around 78.50–77.50 before attracting buyers.

If this support holds:

🚀 A bullish reversal could begin.
🎯 Initial upside target: 84.00–86.00
🎯 Extended target: 90.00+

If sellers break below 77.50 with strong momentum:

📉 The decline could continue toward the major demand zone around 72.00–70.50.
🔑 Key Levels
🟢 Support: 78.50–77.50
🟡 Major Demand Zone: 72.00–70.50
🔴 Resistance: 84.50–86.00
🚧 Major Resistance: 93.40
💡 Trading Bias

📌 Short-term: Bearish while below 84.50.
📌 Medium-term: Watch for a bullish reversal only after a confirmed bounce from support and a break above nearby resistance.

⚠️ Conclusion: The overall trend remains bearish, but the chart indicates a possible liquidity grab before a recovery. Wait for confirmation before entering long positions, while bearish momentum remains valid below the key resistance zone.