From TradingView · · 30s
WTI Crude Oil Bears Hold
WTI oil stays bearish as key resistance fails.
In brief
WTI oil stays bearish as key resistance fails. WTI crude oil remains bearish with resistance at $85.50. Originally reported by TradingView.
WTI Crude Oil
WTI crude oil trades within descending channel.
Bearish Structure
Clear lower highs and lower lows on medium-term.
Resistance Fails
Recent attempts to reclaim resistance rejected.
Key Levels
Resistance at $85.50, support at $82.00 and $79.50.
What Happens Next
Downtrend continues if resistance not reclaimed.
The essence
WTI crude oil remains bearish with resistance at $85.50.
