WTI: Bearish Momentum Persists – Targeting Lower Structural Support

Market Structure and Technical Outlook

The current market sentiment for WTI Crude Oil remains distinctly bearish, a trend confirmed by the recent price action. We are seeing the asset trade at 71.9181, marking a -0.8% decline over the past 24 hours. The daily range has been contained between 71.0452 and 72.791, indicating a struggle for buyers to hold prices above key resistance. My analysis suggests a continuation of this downward trajectory. The structure is clear: WTI has consistently met resistance on attempts to rally, most recently near the 72.5 and 72.791 levels. For this position trade, I am