Price sits just under the long-term 200-day SMA (the green line ≈64.5 on the chart) with the 14/50 SMAs clustered around the current level, which tells us the trend has lost upward momentum and is now range/transitionary; the 200-day SMA is the key structural hurdle — a clean daily close back above it would shift the bias bullish and open a retest of the 68.0 area (and the larger 72–80 zone on stronger follow-through). The Stochastic Momentum Index is negative and has failed to confirm prior small price bounces (SMI making lower highs while price has been flat to slightly lower), a classic momentum divergence that warns rallies are likely to be short lived without stronger buying volume. That divergence plus price under the 200-day SMA favours at least a continuation of the corrective range: traders can look for a breakdown under 60.0 to expose the next support near 56.0 (prior swing lows). For longs prefer either a reclaim and hold above 64.5 with SMI turning positive, or a measured dip to 56.0 with a tight, time-based plan; stop-loss guidance for trend trades: longs — below 56.0, shorts — above 64.5.

The 4-hour picture shows price rolling over from recent minor rallies with the short SMAs slipping under the 200-period average and price failing to sustain above the green SMA — a bearish SMA alignment that often precedes intraday/short-term falls. The Stochastic MI on the 4-hour is in negative territory and repeatedly making lower peaks while price has attempted shallow rallies (momentum divergence), indicating the most likely path is continued chop lower or a controlled decline toward the 60.0 support cluster; a break of 60.0 on the 4-hour opens the 56.0 region where buyers previously stepped in. Tactical approach: look to fade rallies into the 64.5–66.5 zone with stops a few ticks above the SMA if selling, or wait for a confirmed SMI turn up + daily reclaim of 64.5 before initiating fresh longs. For short trades place protective stops above 66.5; for contrarian long entries use a tight stop under 56.0 and require SMI recovery and short-term SMA realignment before scaling in.

The daily picture shows WTI trading around 61.2 and sitting right at the short-term SMA cluster while the 200-day SMA (green) is slightly above price and still sloping lower, which keeps the longer-term structure biased to the downside until price can reclaim and hold above that 200-day area. Price has made a series of lower highs from the 2022–2023 peaks and the recent bounce is modest — the Stochastic Momentum Index on the daily is low/neutral (single-digit reading) and has been oscillating without a clear move into sustained overbought territory. Importantly, there is a mild positive divergence developing (price making a marginally lower low while SMI failed to make a corresponding new low), which explains the recent corrective lift, but that divergence is small and only argues for a corrective bounce rather than a trend change. Trading plan: favour defensive, range-aware trades — sellers regain control on any rejection under 64 with a first downside target 58 and a deeper target 54 if the 200-day SMA is decisively turned into resistance; buyers should wait for a clean daily close above 64 with SMI confirming (higher highs) before committing to trend-following longs. Recommended stop levels: for tactical longs use a stop just below 58; for trend entries after a breakout above 64 use a stop under the recent consolidation band (61).

On the 4-hour timeframe price has stabilised and pushed slightly above the fast SMA (14) and is testing the 50-period SMA — the short-term SMAs have flattened then turned up and the 4-hour SMI has lifted from deeper readings (mid-teens), indicating intraday momentum is repairing and increases the chance of a short-term continuation to the upside while the larger trend remains unresolved. There is no strong bearish divergence on the 4-hour now; instead SMI is tracking price higher which supports a corrective rally to the 64 area (first resistance) and, if momentum remains intact, a move toward 68 (prior swing high). Trading plan: short-term buyers can look for strength above 62 with targets 64/68 and a protective stop beneath 60 (below the short-term SMA band) to limit risk; conversely, a clear 4-hour close back below 60 with SMI rolling lower would invalidate the short-term bullish case and open a slide toward 56. Technical implication: the 200-day SMA on the daily remains the key structural reference — the 4-hour strength provides an opportunity to trade the bounce, but position sizing and stops should assume the dominant daily trend remains vulnerable until price sustains above the 200-day.

On the daily timeframe WTI is trading around the low-60s (≈62), sitting below the long-term 200-day SMA (green) which is acting as structural resistance and signalling that the longer-term bias remains negative until price can reclaim that average. The faster SMAs (14 and 50) are clustered near the current price and have recently flattened after a small bounce, indicating the market is between directional regimes rather than in a clean uptrend. The Stochastic Momentum Index has recovered from deeply oversold readings into low positive territory (SMI in the teens) while price has failed to clear the 200-day SMA — that price/SMI relationship is a mild bearish divergence in context (momentum improving before price confirms) and it warns that rallies may lack conviction. Implication: rallies up toward 66–72 should be treated as opportunities to reduce longs or add tactical short exposure unless broken cleanly; downside remains plausible back toward the 58 then 54 support zones where buyers previously stepped in. Trading plan: trend-following shorts can be considered into strength toward 66 with a stop just above 67.00–67.50 (limit risk if the 200-day is reclaimed); aggressive longs should wait for a confirmed break above 66 with volume/SMI confirmation, or alternatively use a protective stop below 58 for any tactical long held from current levels.

On the 4-hour the market shows a clearer corrective pattern: price has bounced from the mid-50s into the low-60s but remains beneath the 200-period MA on this timeframe and the short SMAs (14/50) have just crossed back into a mixed alignment, so momentum is short-lived. The Stochastic Momentum Index on the 4-hour has climbed from oversold toward the mid-20s, signalling a short covering / relief rally rather than a durable trend reversal — importantly the SMI has shown a higher low while price has not yet made a higher high, a short-term bullish divergence that often precedes a consolidation rally but not a resumption of a sustained uptrend. Immediate resistance sits in the 63.5 area (recent intraday swing) with stronger resistance into the 66 zone; immediate support is around 60 with a deeper support band at 56. Trading recommendation: favour reduction of long exposure and look to sell rallies into 63.5–66 with a stop above 67 for tactical shorts; intraday longs can be sized small and protected with a tight stop below 60 (if that level breaks, expect extension toward the 56 support).

On the daily chart price sits beneath the long-run 200-day SMA (green) and the shorter 14/50 SMAs (blue/pink) are sloping slightly down, so the structural regime is weakened even though price is trying to stabilise around the low-60s; the 200-day SMA near the mid-60s is the immediate supply zone and acting as resistance on rallies. The Stochastic Momentum Index is positive (the chart shows SMI reading around 16.19% on the recent sample) and there is evidence of momentum divergence during the May–Jun spike: price put in a sharp intraday high while the SMI failed to make a reliably stronger peak and has since reset lower — that divergence signals the prior rally lacked durable breadth and increases the risk of further corrective moves. Practically, that means the path of least resistance is lower until price can reclaim and hold above the 200-day SMA: a tactical downside target is the 56.00 area (recent swing lows), with a deeper structural invalidation level below 52.00. Trade guide: bias toward selling rallies into the 64–66 region with a protective stop above 68 if shorting, or if taking a long bounce keep exposure very small and use a tight stop beneath 56 to limit risk because a break below 56 would open the next leg down toward 52.

The 4-hour view shows the intraday spike and rapid unwind more clearly: price has failed to sustain above the 4-hour 200-period SMA (green) and the 14/50 SMAs have crossed or are converging to the downside, signalling short-term momentum loss. The SMI on the 4-hour is also below neutral and recently rolled over after a muted attempt higher, creating a classic short-term bearish divergence (price produced a rally high that the SMI did not confirm) — that increases the probability of another leg of consolidation or retreat. Immediate support is the 60.00 area (where recent intraday structure has settled); a clean break below 60 targets the 56.00 zone. For traders, the higher-probability play is to look for short opportunities on strength into the 64–70 resistance band with stops above the recent high; intraday longs should wait for a decisive SMI bullish turn on the 4-hour and a reclaim of the 14/50 SMA crossover before committing, keeping stops beneath 60 to respect the short-term risk profile.