USOil (WTI) Outlook Confirms Persistent Downside Structural Conditions Ahead

Market Analysis – November 28

USOil outlook confirms persistent downside structural conditions ahead. USOil continues to exhibit a firm downward bias as price remains positioned below the 9-day SMA near $59.00, reinforcing ongoing weakness across the curve. Momentum conditions remain muted, with the MACD holding beneath its equilibrium level and showing minimal improvement on the histogram. This alignment indicates that upward attempts lack sufficient strength to alter the broader sequence of declining swing highs and lows, maintaining an environment where sellers retain structural dominance.

USOil Key Levels

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

USOil Long-Term Trend: Bearish

Technically, price recently moved into a smaller bearish supply zone around $60.50–$61.50, drawing renewed selling pressure and preventing any effort to push toward higher valuation areas. This reaction followed a confirmed structural break beneath $55.20, which shifted nearby lows into exposed liquidity zones and revalidated bearish order flow. The earlier sweep of buy-side levels around $66.40 served as the initial turning point, and since then, price has steadily eroded previous pockets of short-term demand.

Looking ahead, the market remains positioned for further downside as long as it continues to operate below the established supply region. Current dynamics support a retest of the $55.20 low, with a strong likelihood of that level being cleared during a broader liquidity draw. If bearish momentum extends, price may continue toward the next downside objectives at $52.00 and potentially $50.10. A sustained recovery above $61.50 would be required to reassess the prevailing bias, though such a shift appears unlikely under existing order flow conditions.

USOil Short-Term Trend: Bearish

USOil maintains a bearish profile on the four-hour chart as price rejects the identified order-block region around $59.00–$60.00 and fails to establish higher highs. Momentum remains subdued, with the MACD reflecting limited bullish follow-through and pointing toward renewed downside pressure. The strong rejection wick highlights active supply, keeping sellers in control as price trades below the short-term moving average. If this structure persists, a continuation toward the $55.00 support zone becomes increasingly probable, a scenario closely monitored through forex signals.

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