WTI Light Crude Oil
Short
Updated

WTI Oil Market Outlook: Sell Zones & Key Levels

221
Oil is still respecting a broader downtrend structure with consistent lower highs and lower lows. Price recently reacted from the $62–63 resistance zone (trendline + supply) confirming another lower high and maintaining bearish momentum. As long as oil stays below this zone the chart suggests a continuation toward the downside with next supports sitting near $56.30, $52.50 and potentially $50.00 if bearish pressure accelerates.

Only a clean breakout above $63 with strong candles would invalidate this bearish outlook and shift momentum toward the $66–70 zone.

🔻 Sell Setup 1
- Entry Zone: 62.00 – 63.00
- Stop Loss: 63.80
- Targets: TP1 59.00, TP2 56.30, TP3 52.50

🔻 Sell Setup 2
- Entry: Break below 57.50 and retest
- Stop Loss: 59.20
- Targets: TP1 56.30, TP2 52.50, TP3 50.00

Note
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snapshot
WTI Crude Oil remains bearish and your sell trade is valid after the 57.50 retest. As long as price stays below 58.50–59.00 downside continuation is expected toward 56.50 and 55.80. The structure only changes if the market breaks back above 59.80–60.00.

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