USOil (WTI) Signals Continuing Downside Momentum Toward Lower Price Zones

Market Analysis – December 4

USOil signals continuing downside momentum toward lower price zones. The market maintains a broadly pressured outlook as short-term momentum stays aligned with sellers. Price action continues to hold below the 9-day SMA near $58.690, reflecting persistent downward traction and limited bullish strength. With the RSI hovering in the mid-40s, overall demand remains muted, reinforcing a market environment that favors continued weakness.

USOil Key Levels

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

USOil Long-Term Trend: Bearish

The broader structure has been shaped by a progression of lower highs and repeated rejections within the supply zones around $61.450 and $64.030. These regions continue to halt recovery attempts, clearly indicating where sellers overpower buyers. Consolidation beneath the descending trendline further supports the bearish outlook, as each revisit to premium areas triggers renewed selling activity.

Market expectations still point toward deeper downside movement, with liquidity targets near $55.150 and $52.030. A break below these thresholds could expose the chart to further weakness toward $50.060, where new buy-side interest may begin to form. Unless price successfully reclaims the upper resistance regions, the prevailing directional bias remains firmly bearish.

USOil Short-Term Trend: Bearish

USOil continues to trade below the descending trendline and remains positioned under the 9-period SMA, maintaining its short-term bearish structure. Price has shown repeated rejection within the bearish order-block between $59.500–$60.500, signaling continued selling pressure at higher levels.

The latest lower high formation and inability to break above $61.450 confirm that sellers are still in control of market direction. With momentum indicators weakening further, price appears increasingly likely to retest $57.100 as downside liquidity opens up. This environment may provide traders with clearer directional context, especially for those navigating the market using forex signals.

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