WTI Market Analysis
WTI continues to trade inside a descending trendline, keeping the bearish structure intact. Price dropped into the key 58.20–58.00 demand zone and is attempting to bounce, but upside strength remains weak.
Immediate resistance sits at 59.00, where sellers previously stepped in aggressively. Failure to reclaim this level could push price toward 57.50, a major liquidity zone waiting to be tested.
Upside scenario:
• Break above 59.00 → room toward 60.92 and 61.31
• Only a clean break above 61.00–61.30 shifts sentiment bullish
Bearish bias remains unless 59.00 and 60.00 are reclaimed with strength.
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