USOil (WTI) Maintains Downward Pressure With Sustained Bearish Price Action

Market Analysis – September 12

USOil maintains its downward pressure with persistent bearish price action. The broader market sentiment reflects sustained weakness as sellers remain in control. The moving average at $63.10 continues to hover above the current price action, signaling ongoing bearish momentum. Additionally, the MACD histogram and signal lines remain in negative territory, reinforcing the downward bias and showing little evidence of a reversal in the near term. 

USOil Key Levels

Resistance Levels: $67.70, $72.20, $80.70
Support Levels: $61.50, $55.20, $52.00

USOil Long-Term Trend: Bullish

From a structural perspective, the market has consistently failed to hold above the $64.00 level, with repeated rejections reinforcing it as a near-term resistance. The recent bearish close near $61.80 highlights sellers’ ability to maintain downward pressure, with support levels at $61.50 now under test. The inability to break higher within the Fair Value Gap (FVG) zone between $64.00 and $67.70 further confirms bearish dominance.

Looking ahead, a decisive break below the $61.50 support level could open the path toward $56.00 and potentially $55.20 as stronger demand zones. A deeper decline could even reach $52.00 if bearish momentum intensifies. While a short-term corrective move back toward $64.00 remains possible, the broader outlook supports a continuation of the downtrend, making lower price targets increasingly likely in the weeks to come.

USOil Short-Term Trend: Bullish

USOil continues to show bearish momentum on the four-hour chart, with price trading below the 9-period SMA at $62.80. Sellers have driven the mark

et to $61.80, testing the key support zone around $61.50.

The MACD remains in negative territory, confirming ongoing downward pressure. Unless buyers reclaim $63.36, the path of least resistance points to further declines. This alignment of technical indicators highlights the prevailing bearish environment across the daily timeframe, making it an important consideration for traders using forex signals.

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