WTI Crude Oil | Bearish Continuation
Higher-timeframe structure remains dominant as price stalls at daily countertrend pivot.
Technical Overview
Monthly and weekly structure remain bearish, with daily waves aligned to continuation while price trades below the daily countertrend VAL (58.243), keeping downside pressure intact.
Bias 🔴
Bearish continuation while the Weekly Close < Weekly Pivot at 60.163
Path
55.75 → 54.73 | → 53.07—52.54
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other type of advice. Nothing in this publication should be interpreted as a recommendation to buy or sell any financial instrument.
Trading and investing involve significant risk, including the potential loss of all capital. Always conduct your own research and consult with a licensed financial professional before making any trading or investment decisions. The author assumes no responsibility for any actions taken based on the information provided.