USOil (WTI) Deepens Bearish Trajectory Under Intensified Selling Momentum

Market Analysis – November 7

USOil deepens its bearish trajectory under intensified selling momentum. The commodity maintains a firm downward bias as persistent selling activity strengthens below the key $61.450 resistance level. Price action continues to trade beneath the 9-day simple moving average, highlighting the ongoing bearish phase in the market. Momentum readings from the MACD indicator confirm this outlook, showing a bearish crossover with declining histogram bars, which signals weakening buying pressure. Overall, market sentiment remains tilted toward weakness as sellers retain control and bullish attempts lose traction.

USOil Key Levels

Resistance Levels: $61.50, $66.40, $72.20
Support Levels: $55.20, $52.00, $50.10

USOil Long-Term Trend: Bearish

From a structural standpoint, the market’s recent rejection from the $61.450 supply zone reaffirms renewed downside pressure following a brief retest of the order block. The formation of consecutive lower highs and lower lows underscores the prevailing bearish structure, indicating sustained selling influence across the medium-term outlook. Additionally, the market’s inability to hold above the short-term moving average strengthens expectations of further depreciation. Price movement now aligns with the broader downtrend, as traders monitor liquidity accumulation below the current trading range for potential continuation setups.

Looking ahead, persistent weakness could push USOil further toward the $55.960–$55.150 support corridor, where short-term buying interest may temporarily emerge. A confirmed break beneath this zone would likely open the path toward $52.000 and $50.000, reinforcing sustained bearish control. Conversely, any meaningful recovery would require a clear reclaim of $61.450 and consolidation above that level to challenge the prevailing trend. Until such confirmation, the directional bias remains firmly negative, with further declines appearing more probable in the short to medium term, as recent forex signals also indicate extended selling pressure.

USOil Short-Term Trend: Bearish

USOil maintains a bearish outlook on the four-hour chart, continuing to trade below a descending trendline that limits upward movements. The recent rejection from the $61.450–$61.480 supply zone reinforces ongoing selling momentum as buying strength weakens.

MACD readings remain below the zero line, confirming persistent bearish sentiment. A deeper move toward the $55.150 support level appears likely if price fails to regain control above the $60.000 area.

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