USOIL Remains under Pressure signalling continued weakness

Crude Oil showing price action contained within a descending channel, highlighting a well-established bearish trend over recent months.

Technically Price has consistently respected the upper and lower boundaries of the channel, confirming sustained downside pressure. Recently, WTI broke lower from the mid-channel region and is now trading near 55.80,.

A price path suggests a potential corrective bounce, followed by another leg down toward the lower support zones. Unless price breaks decisively above the channel resistance, the broader bias remains bearish.

WTI Crude Oil remains under selling pressure, with rallies likely to be corrective. Traders should closely monitor the highlighted support levels for either a temporary rebound or a continuation toward deeper downside targets will 54.15 / 53.02.

You may find more details in the chart,
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