USOil (WTI) Exhibits Sustained Downside Pressure As Momentum Weakens

Market Analysis – November 14

USOil exhibits sustained downside pressure as momentum weakens. The broader market structure continues to reflect a bearish operational outlook, with price action remaining below short-term moving averages and maintaining negative alignment across momentum indicators. The MACD histogram remains subdued, signaling fading bullish attempts and reinforcing a downward-leaning sentiment. This overall confluence suggests that market participants are gradually positioning for reduced buying interest and a likely continuation of supply-driven price weakening.

USOil Key Levels

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

USOil Long-Term Trend: Bearish

Structurally, the market has respected several technical points that support the ongoing bearish narrative. The recent rejection at the $61.50 resistance level—strengthened by the bearish order block—signals that the market is firmly defending overhead liquidity. The earlier break of structure at $56.00 and the continued inability of buyers to push price higher highlight sustained downside imbalance. Price action also maintains a sequence of lower highs and lower lows, reflecting a consistent bearish order flow that aligns with current market conditions.

Looking ahead, the technical outlook suggests an increased likelihood of further downside continuation. If bearish momentum persists, price may move into the $55.20 demand region, with an extended objective toward $52.00 as broader liquidity targets become more pronounced. A deeper slide toward $50.10 remains possible if macroeconomic pressures reinforce supply dominance. Unless price reclaims $61.50 on a daily closing basis, the bias remains tilted toward continued depreciation, with traders potentially monitoring forex signals for additional directional cues.

USOil Short-Term Trend: Bearish

USOil maintains a bearish structure on the four-hour chart as price continues to trade below the $61.50 resistance and struggles to hold above short-term moving averages. The rejection from the order-block region around $60.00–$61.00 reinforces sellers’ dominance, with price respecting the descending pattern.

Market flow continues to produce lower highs as liquidity gradually gravitates toward the $58.90 support. A clear break below this level may pave the way for a deeper move toward $55.20.

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