USOil (WTI) Extends Persistent Downside Bias Amid Weak Structural Flow

Market Analysis – December 11

USOil extends persistent downside bias amid weak structural flow. USOil continues to display a fragile technical posture as momentum indicators remain skewed to the downside. Price action stays capped beneath the short-term moving averages in the $58.90–$59.00 region, highlighting sustained selling pressure and a clear absence of strong bullish participation. The MACD remains positioned below its signal line, confirming that sellers retain control while upside attempts continue to lack depth and follow-through.

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 perspective, price continues to respect the downward-sloping trendline drawn from the November high, reinforcing a sequence of lower highs and muted buyer response. Attempts to reclaim the $61.45 resistance zone have failed repeatedly, forcing price back below the $58.80–$59.00 range. The prior liquidity sweep near the $64.00 supply block further illustrates dominant sell-side control, while repeated tests of the $58.00 base reveal diminishing demand strength.

Looking ahead, the broader outlook continues to favour additional downside extension, with $55.15 standing out as the next critical target. A decisive break below this level could open the path toward deeper support at $52.00 and potentially $50.10 if bearish momentum intensifies. Unless price can reclaim and sustain movement above $61.45, the prevailing directional bias remains firmly bearish and aligned with downside continuation expectations often tracked through forex signals.

USOil Short-Term Trend: Bearish

USOil maintains a bearish configuration on the four-hour chart as price continues to trade beneath both the descending trendline and short-term moving averages. The current rebound toward the $59.30–$60.00 supply zone appears corrective in nature, with momentum indicators reflecting limited bullish commitment. Sellers are likely to reassert control upon renewed rejection from this overhead resistance, keeping downside pressure intact. A continuation lower places the $55.15 support level as the next primary downside objective.

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