WTI crude oil remains under short-term bearish pressure on the 1-hour timeframe, with price continuing to respect lower highs and rejecting from a key Fair Value Gap (FVG) supply zone.
This structure suggests the market is still in a distribution phase, with sellers defending resistance zones effectively.
📉 Market Structure Insight
• Trend → Bearish (Intraday)
• Momentum → Weak bullish pullbacks
• Structure → Lower highs intact
• Bias → Bearish below resistance
👉 The 105.00 level remains the key barrier for sellers to maintain control.
🔑 Key Levels to Watch
🔴 Resistance Zones (Sell Areas)
R1: 105.00 → Immediate resistance
Primary level controlling bearish momentum.
R2: 107.00 → Major resistance
Break above may weaken bearish bias.
R3: 109.30 → Higher resistance
🟢 Support Zones (Targets)
S1: 103.50 → First downside level
S2: 102.60 → Key intraday target
S3: 100.00 → Major psychological support
🎯 Trading Outlook
🔴 Bearish Scenario (Primary)
Trigger: Rejection below 105.00
Expected Path:
105 → 103.50 → 102.60 → 100.00
Pullbacks into 105–107 zone may offer selling opportunities if rejection confirms.
🟢 Alternative Scenario (Invalidation)
Trigger: Break above 107.00
Expected Path:
Weakens bearish momentum and may lead to a broader retracement toward 109.30.
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