The daily chart highlights a persistent downtrend, with price consistently trading below the 200-day SMA (green), which has been sloping downward since late 2024. Both the 50-day SMA (pink, 66.5) and the 14-day SMA (blue) are also trending below the 200-day SMA, reinforcing a bearish structure known as a “death cross” environment. Attempts to reclaim the 200-day SMA earlier in mid-2025 failed, resulting in renewed selling pressure. The Stochastic Momentum Index (currently 27.16%) is in the lower range but not yet deeply oversold, suggesting that downside momentum could still persist before an oversold bounce emerges. Importantly, there is no bullish divergence visible between price and stochastic, which limits the case for a sustained rebound at this stage. Immediate resistance is aligned with the 50-day SMA near 66.5, followed by 67.0. On the downside, support rests first at the 62.0 handle, with stronger structural support near 60.0. The longer-term bias remains bearish, and traders should consider downside targets toward 60.0 while keeping stops just above 67.0 to protect against a reversal attempt.

The 4-hour chart reveals a consolidation phase after heavy declines in late June and July, with price currently hovering around 64.0. The 200-period SMA (green) continues to act as dynamic resistance, while the 14-period (blue) and 50-period SMA (pink, 64.0) are tightly compressed, reflecting indecision and a lack of clear directional strength in the near term. The failure of price to sustain above the 200-SMA suggests that sellers still control the broader trend. The Stochastic Momentum Index (-0.85%, just below 0%) is rising slightly from oversold levels, hinting at a short-term relief bounce, but momentum remains weak and no strong bullish divergence has formed. If price can reclaim 65.0 with conviction, the next resistance lies near 67.0. Conversely, a break below 62.5 would expose downside toward 60.0. The short-term outlook is neutral-to-bearish, with traders advised to fade rallies into the 65.0–67.0 region while protecting positions with stops above 67.0.

The daily chart for WTI crude shows a clear longer-term bearish structure, with price consolidating around 66.75 after a sustained decline from the mid-2024 highs. Both the 50-day SMA (pink, 66.75) and the 14-day SMA (blue) are trading below the 200-day SMA (green), creating a bearish alignment of moving averages that signals ongoing downside risk. The slope of the 200-day SMA remains negative, confirming the broader downtrend. The Stochastic Momentum Index (SMI) is at 30.43%, rebounding slightly from oversold territory but not yet showing a decisive reversal. Importantly, no bullish divergence is visible between price and momentum, which weakens the case for a sustained recovery. Immediate resistance is found at 68.90 followed by 72.00, while support lies at 64.00 and then 60.00, marking a critical downside level. The outlook remains bearish, and any rallies into resistance should be treated cautiously. A stop loss above 70.00 is recommended for short positions, as a break above this level would weaken the bearish thesis and could trigger a squeeze higher.

The 4-hour chart highlights a short-term recovery attempt after price reached recent lows near 63.50, now trading around 63.89. However, the move remains corrective in nature, with price still capped below the 200-period SMA. The 50-period SMA (63.89) and 14-period SMA are flattening out, suggesting indecision, but with the broader alignment still bearish as the 200 SMA trends lower. The Stochastic Momentum Index is currently at -53.03%, sitting in oversold territory but not yet confirming a strong reversal, raising the risk of further choppy consolidation before a decisive move. Momentum divergence is not clearly established, meaning short-term bounces may struggle to gain traction. Immediate resistance is seen at 65.40 followed by 67.00, while support comes in at 63.00 and then 61.50. The short-term outlook is neutral-to-bearish, with downside risk prevailing unless a sustained break above 65.40 occurs. For risk management, traders should consider a stop loss above 66.00, keeping room for volatility but protecting against a momentum-driven reversal.

On the daily timeframe, WTI crude has been in a prolonged downtrend since mid-2024, with price consistently capped beneath the 200-day SMA (green), which continues to slope downward and act as dynamic resistance. Currently, price is consolidating just below the 50-day SMA (pink, 67.0) and the 14-day SMA (blue), showing that short-term averages are flattening after a sequence of lower highs. This clustering of moving averages around current price reflects a heavy congestion zone where directional conviction is lacking. The Stochastic Momentum Index sits at 48.30%, indicating mid-range momentum and reflecting indecision—neither oversold nor overbought. Notably, while price has stabilized after earlier steep declines, momentum has failed to confirm any sustained upside, suggesting the risk of another rollover remains if resistance is not broken. Immediate resistance stands at 67.0 (cluster of SMAs and horizontal supply), followed by 70.0, while downside support is seen at 64.0 and then 60.0, the latter being a key psychological and historical demand level. The broader trend bias leans neutral to bearish unless a decisive daily close above 67.0 re-establishes upward momentum. For trading, cautious shorts are favoured against resistance, with stops above 68.0 and downside targets at 64.0, extending to 60.0 if selling pressure resumes.

On the 4-hour timeframe, WTI crude has recently rebounded from a trough near 61.5, reclaiming the 14-period SMA (blue) and 50-period SMA (pink, 63.8), while still trading just below the 200-period SMA (green). This structure suggests near-term stabilisation with the potential for a tactical recovery, but capped upside given the broader downtrend context. The Stochastic Momentum Index is at 53.61%, leaning higher from neutral levels, indicating improving short-term momentum that could support further gains if price breaks above the 200-SMA. However, a bearish divergence risk persists: while momentum is rising, price remains trapped below the key longer-term average, signalling a fragile recovery. Immediate resistance is at 65.0, followed by 68.0 if momentum extends. Support is seen at 63.0 and then 61.5, which was the recent swing low. The outlook is cautiously neutral to slightly bullish in the short term, but only a clear 4-hour close above 65.0 would validate further upside. Tactical long entries may be considered above 65.0 with targets at 68.0 and stops set under 62.8 to protect against a false breakout.

The WTI daily chart reflects a neutral technical outlook, as the price struggles to maintain upward momentum despite the support from the 14-day simple moving average (SMA) near 63.98. Resistance is evident at 67.00, with additional selling pressure observed near 70.00, where the price has previously failed to break higher. The 50-day SMA (pink line) remains above the 14-day SMA (blue line), suggesting that the short-term trend is bearish and the long-term bias is neutral to slightly bearish. The Stochastic Momentum Indicator (SMI) is in oversold territory at 8.55%, but it has yet to show signs of a bullish crossover, indicating that while the market may be primed for a rebound, momentum remains weak. Support near 63.00 holds the key, as a break below this level would indicate further downside potential. Traders should watch for a possible bounce towards 67.00 to 70.00, but with caution, given the persistent bearish pressure.