USOil (WTI) Preserves Downside Bias Amid Weakening Momentum Dynamics

Market Analysis – January 9

USOil preserves downside bias amid weakening momentum dynamics. USOil remains embedded in a negative technical environment, with price action consistently anchored toward the lower boundary of its prevailing range. The market continues to trade below the declining short-term moving average near $57.70, highlighting persistent overhead pressure from sellers. Momentum conditions reinforce this setup, as the MACD remains below equilibrium with limited recovery attempts, signaling that bullish reactions lack depth while sentiment stays cautious beneath the $61.45 threshold.

USOil Key Levels

Resistance Levels: $61.500, $66.400, $72.200
Support Levels: $55.200, $52.000, $50.100

USOil Long-Term Trend: Bearish

Price action continues to respect a downward-sloping trendline, with repeated failures to sustain moves above the $60.50–$61.45 resistance band. A clear sequence of lower swing highs beneath the former supply area near $64.00 reflects ongoing distribution rather than any meaningful base development. Attempts to stabilize from the minor order block around $59.50 have been short-lived, while repeated tests of the $55.15 floor suggest rising downside vulnerability.

Looking ahead, the technical landscape continues to favor further weakness as long as daily closes remain capped below $61.45. A decisive break beneath $55.15 would likely accelerate downside momentum toward the $52.00 demand zone, with potential extension toward the $50.10 psychological level. Within this context, prevailing forex signals continue to align with a bearish continuation scenario unless price can reclaim and hold above $64.00.

USOil Short-Term Trend: Bearish

USOil on the four-hour chart remains structurally bearish, with price trading below a descending trendline and capped beneath the $60.50–$61.45 supply zone. The recent rebound proved corrective, meeting firm rejection near $59.50 in line with prior order block resistance, reinforcing seller dominance.

Short-term moving averages are flattening below resistance, while momentum indicators show limited upside follow-through despite brief bullish crosses. A sustained move below $58.30 would likely reopen downside pressure toward $55.15, keeping rallies classified as selling opportunities rather than indications of trend reversal.

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