USOUSD (WTI Crude Oil) | H1 – Potential Bearish Reversal
WTI crude oil continues its bullish recovery, establishing a series of higher highs and higher lows after rejecting the major support region around $92.
Price is currently approaching a significant supply zone between $104.40–$105.00, where previous selling pressure triggered a substantial bearish move.
My outlook:
I anticipate further bullish continuation toward this supply zone, potentially sweeping nearby liquidity before sellers regain control.
A confirmed rejection and bearish structural shift could initiate a corrective move toward $97.50, a key previous resistance level.
A sustained breakout and acceptance above $105 would invalidate the immediate bearish scenario.
Bias: Short-term bullish | Potential bearish reversal at supply.
This is a conditional technical scenario, not a confirmed reversal.
WTI crude oil continues its bullish recovery, establishing a series of higher highs and higher lows after rejecting the major support region around $92.
Price is currently approaching a significant supply zone between $104.40–$105.00, where previous selling pressure triggered a substantial bearish move.
My outlook:
I anticipate further bullish continuation toward this supply zone, potentially sweeping nearby liquidity before sellers regain control.
A confirmed rejection and bearish structural shift could initiate a corrective move toward $97.50, a key previous resistance level.
A sustained breakout and acceptance above $105 would invalidate the immediate bearish scenario.
Bias: Short-term bullish | Potential bearish reversal at supply.
This is a conditional technical scenario, not a confirmed reversal.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.