On the 4-hour chart of WTI crude oil, the overall market structure remains bearish, with the price failing multiple times to break above the supply zone at 61.50–62.80 and entering a deeper corrective phase. The price is currently hovering around the 58 level, but the weakness of buyers and the repeated failure to form higher highs indicate that the market is likely to sweep liquidity below before any meaningful bullish move.
The most probable scenario is a continuation of the decline toward the support zone at 56.00, and if that level breaks, a further drop toward the key support at 55.15, where structural support and liquidity overlap. This area could act as a strong demand zone and trigger a bullish reaction. If buyers step in from this region, the price may attempt another rally toward the upper supply area at 61.50–62.80 for a retest. This outlook remains valid as long as the price does not break and stabilize below 55.15.
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