WTI Crude: Bearish Momentum Continues, Eyeing Further Downside

Current Market Posture for WTI

The crude oil market, specifically WTI, continues to exhibit a notable bearish bias. We are currently observing WTI trading around 72.1622, having seen a decline of -0.3378 (-0.47%) over the past 24 hours. The daily range has been established between 71.6555 and 72.6689, with the current price hovering closer to the lower end of this spectrum, underscoring the prevailing downward pressure. This consistent struggle to sustain gains suggests that sellers remain in control, and the broader bearish trend is firmly in place.

Fundamental