00:00WTI crude oil is at a critical turning point, and you need to watch this analysis carefully
00:04before the next move. Please watch the full video. Analyzing the one-hour chart in the file
00:10named WTI linked to .jpg, the market structure for US oil is currently range-bound with a growing
00:16bearish bias. After a strong bullish push, the price failed to break through the major supply
00:21zone between 106 and 107. We are now seeing the formation of lower highs, which is a classic
00:28early sign that the bulls are losing their grip. Looking at our key zones, we have immediate
00:33supply between 102.50 and 103.50. The price has already shown a rejection here, pulling
00:40back into the mid-range with very weak bullish bounces. There is no clear break of structure
00:44to the upside, suggesting this is a distribution phase before a potential drop. Our preferred
00:49bearish scenario is simple. As long as the price stays below the 102 supply zone, we expect a
00:55continuation toward the lower demand levels. Our first objective is 97.50, followed by 95.00 and
01:03eventually the stronger demand at 92.50. On the flip side, we only consider a bullish reversal if we
01:09see a strong breakout and hold above 103.50, which could lead us back to 107. Our main entry will
01:17be in
01:17this order block zone. Once the price retraces here and confirms the rejection, we will start building
01:22our position. For this trade, our invalidation level will be just above the recent swing high,
01:28specifically above 103.80. If the price breaks this level, our current bearish bias will change.
01:35Our final scenario and objective for this movement is to clear the liquidity sitting at the lower demand
01:40zones. Always follow proper risk management and stay disciplined. Follow for more, the next analysis is
01:47coming very soon.
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