WTI Oil Market Outlook: Sell Zones & Key LevelsOil 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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