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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.