USOil (WTI) Remains Under Pressure As Bearish Conditions Persist

Market Analysis – December 19

USOil remains under pressure as bearish conditions persist. The price of USOil continues to trade below short-term moving averages positioned between $57.00 and $58.10, confirming that the market remains within a bearish technical environment. Recovery attempts have lacked sufficient strength to alter the prevailing trend, while the downward slope of these averages highlights continued selling dominance. The MACD remains below its neutral baseline, reinforcing that bearish forces continue to guide price action, even as momentum conditions stay relatively subdued.

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, the market remains fragile, defined by a persistent sequence of lower highs and lower lows. Repeated rejections near the $61.40 resistance area and along the descending trendline underline sustained supply pressure and limited upside acceptance. The breakdown below the $55.90 support level has further weakened structure, transforming former demand into resistance and constraining any upside follow-through.

Looking ahead, downside risk remains elevated while price stays capped below the $58.00 threshold. A decisive move beneath $55.10 could intensify selling pressure toward the $52.00 support zone, with a deeper decline potentially extending toward the $50.00 level. Overall, the technical outlook continues to favor further weakness, a scenario reinforced by prevailing forex signals unless price can reclaim key resistance levels with conviction.

USOil Short-Term Trend: Bearish

USOil remains bearish on the four-hour chart as price continues to trade below the descending trendline and key moving averages. Recent consolidation above the $55.15 support level suggests that selling pressure is temporarily moderating, allowing room for a short-term corrective rebound. A pullback toward the $56.80–$58.80 supply and order block zone is likely before sellers reassert control. Failure to break and hold above this zone would reaffirm the broader bearish structure and reopen exposure to lower support levels.

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