The daily chart shows a persistent longer-term downtrend, with price continuing to trade below the 200-day SMA, confirming sustained bearish control. The 50-day SMA (≈61.23) and 14-day SMA are also trending lower and sitting above the current price, reinforcing their role as dynamic resistance. Price is consolidating around 61.23, but this level remains structurally weak, as the broader trend has produced a sequence of lower highs and lower lows since the mid-2023 breakdown. The Stochastic Momentum Index is attempting to turn higher, but there is no bullish divergence—momentum remains consistent with a bearish trend, indicating that rallies are vulnerable to failure. Immediate resistance sits at 64.00, where the multiple failed swing highs cluster, followed by the more significant long-term ceiling at 68.00. If price remains below 64.00, the bias continues to favour downside rotation toward 58.00, with a deeper decline toward 55.00 possible if bearish momentum accelerates. A protective stop for any tactical long positions should sit just under 58.00, while trend-following shorts should place stops above 64.00 in line with the dominant bearish structure.

The 4-hour chart reflects a neutral-to-bearish short-term structure, with price oscillating between 59–62.50 and failing to break above the 50-period SMA (≈59.89). The 200-period SMA is decisively trending downward, showing that even medium-term pressure remains to the downside. Although the Stochastic Momentum Index has recently turned upward from oversold conditions, this move lacks supportive price action—a classic weak momentum bounce within a broader downtrend. Price continues to form lower highs, and unless WTI can reclaim 62.50, near-term rallies should be viewed as corrective rather than trend-changing. Immediate support sits at 59.00, which has held multiple times, but a breakdown below this level would expose 57.50, aligning with prior reaction lows and the lower edge of the current consolidation structure. Upside confirmation requires a break above 64.00, which would realign the 4-hour structure with a potential trend reversal. Short-term traders can maintain a bearish bias while price remains below 62.50, with stops placed above 63.50–64.00 to protect against a reversal.

The daily chart maintains a clear long-term bearish structure, with WTI trading near 61.28 and sitting firmly below the declining 200-day SMA, which is now around the 68–70 zone and continues to slope downward—confirmation of prolonged downside momentum. The 14-day and 50-day SMAs are clustered tightly around price, reflecting contraction in volatility but also a lack of bullish follow-through after repeated failed attempts to break higher throughout 2024–2025. Price has been unable to revisit the early-2024 highs and instead has printed a sequence of lower highs and lower lows, a classic bearish trend architecture. The Stochastic Momentum Index sits at –18.98%, still in negative territory and failing to confirm any meaningful bullish divergence, as momentum lows have largely mirrored price lows—suggesting sellers remain in control. Immediate resistance stands at 64.00, where the prior breakdown structure converge, followed by a major structural barrier at 70.00. Initial support is clearly defined at 58.00 (recent multi-month floor), with deeper downside risk toward 52.00, the long-term 2023 base. For a bearish continuation setup, traders can target a breakdown toward the 52.00 region, with protective stops above 64.00 to avoid whipsaw if price retests the declining moving average cluster.

The 4-hour chart aligns with the higher-timeframe bearish trend, showing a persistent pattern of lower highs since July, with price currently around 59.86 and consistently rejecting the downward-sloping 200-period SMA near 63–64. The shorter 14- and 50-period SMAs sit just overhead, clustering around 60–61, forming immediate dynamic resistance. Price action continues to compress into lower ranges, indicating supply absorption but without any sign of bullish reversal pressure. The Stochastic Momentum Index at –3.21% is flat and lacks a meaningful positive divergence—recent swing lows in price and SMI are roughly aligned, signalling a lack of bullish momentum recovery. Resistance is clearly defined at 61.00, where price has failed repeatedly, and a secondary resistance zone emerges at 63.50, coinciding with the previous breakdown area. Support appears first at 58.50, the level repeatedly defended in recent sessions, with a downside extension toward 56.00 if bearish momentum accelerates. The short-term outlook favors continuation to the downside; traders leaning short may consider entries on failed retests of 61.00, targeting 58.50 → 56.00, with stops above 63.50 to manage risk against a squeeze back into the 200-SMA region.

On the daily chart, crude remains in a clear longer-term downtrend, with price now trading just below 61 and sitting beneath the declining 200-day simple moving average (green line) around the mid-60s, which confirms that sellers still control the primary trend. The 50-day and 14-day averages (pink and blue) have also rolled over and are clustering just above the market, acting as dynamic resistance and reinforcing the 65 area as the first key upside barrier, followed by a more substantial resistance band toward 72 where several prior swing highs formed earlier in the year. The Stochastic Momentum Index is in negative territory around -27%, showing that downside momentum remains dominant, but the indicator has made a slightly higher low while price has held near the same zone around 60; this mild bullish divergence warns that the downtrend may be losing strength and that a relief bounce back toward the short-term moving averages is possible. Even so, until price can reclaim and hold above the 200-day average, rallies into 65–72 are more likely to be sold. Immediate support is anchored near 60, the recent floor and psychological round number, with a deeper downside target toward 56 if that level breaks. For traders positioned with the prevailing bearish trend, short entries on rallies into 65 with a protective stop above 72 keep risk defined, while any counter-trend longs looking to trade a bounce should keep tight stops just below 60 to avoid getting caught in a continuation lower.

The 4-hour chart shows a more balanced but still fragile picture, with price oscillating just under 60 and below all three key moving averages, as the 200-period SMA (green) trends lower from the low-60s and the 14- and 50-period averages (blue and pink) are flattening slightly overhead; this configuration indicates that the short-term trend is still under pressure, but recent selling has begun to lose momentum. The Stochastic Momentum Index has turned up into positive territory around 22.46% after registering deeper negative readings on prior lows, while price has held roughly in the same 59–60 band, forming a positive momentum divergence that often precedes corrective rallies within a broader downtrend. Initial resistance is therefore defined around 61, where the faster moving averages intersect with recent intraday swing highs, with a secondary cap near 63 close to the declining 200-period average and a prior breakdown area. On the downside, immediate support sits near 59, the recent reaction low, with a more important level toward 57, which corresponds to the June/October congestion zone and would mark a fresh short-term breakdown if breached. Short-term traders may look to fade strength into the 61–63 region in line with the broader daily downtrend, using stops above 63, targeting a return to 59 and then 57; more tactical dip-buyers trying to play the SMI divergence should only consider longs on clear holds above 59 with tight stops under 57, aiming for a corrective move back toward 61–63 where stronger resistance is expected.

On the daily timeframe, the broader trend remains bearish, with price sitting around 61 and still trading below the downward-sloping 200-day SMA, which acts as the primary dynamic resistance and defines the longer-term downtrend. The 14-day and 50-day SMAs have flattened and converged just under the 200-day line, signalling a period of consolidation within a broader decline rather than the start of a new bull leg. Recent price action shows a sequence of lower highs from mid-2024 into 2025, reinforcing this bearish structure, with 64 marking the first key resistance where the 50-day/200-day cluster and prior swing highs meet, and 68 the next major overhead barrier from the last notable rally. The Stochastic Momentum Index is currently in negative territory around −39.05%, but showing a slightly higher low compared with previous oversold readings while price holds near the same horizontal region around 58–60, indicating a mild positive momentum divergence (downside momentum is weakening even though price has not broken higher). This divergence suggests that while the dominant bias is still to the downside, the immediate risk is for a choppy range or corrective bounce rather than an aggressive sell-off. Traders looking to position with the trend can consider rallies toward 64–68 as potential areas to re-enter short exposure, targeting a move back toward 58 and then 55, with protective stops placed just above 68 to stay aligned with the prevailing bearish structure.

On the 4-hour chart, price has stabilised around 60 after a sharp decline, with the 14-period and 50-period SMAs curling sideways and clustering close to spot, reflecting short-term indecision and reinforcing a neutral outlook. The 200-period SMA above price continues to slope down, confirming that the intermediate trend is still under pressure and that this moving average is the key reference for short-term resistance. Immediate overhead resistance lies at 62, where recent intraday rallies have stalled, followed by the stronger 64 zone, which aligns with the daily resistance band. On the downside, minor support is seen around 59 (recent intraday lows), with a more important level near 56, corresponding to prior swing lows from earlier in the year. The Stochastic Momentum Index on this timeframe is also in negative territory near −38.33%, but, similar to the daily chart, it has been making slightly higher lows while price retests the same horizontal band — another sign of positive divergence that hints at fading selling pressure and the potential for a corrective bounce toward 62–64. However, until price can break and hold above 64, any strength is best viewed as a rally within a broader downtrend. Short-term traders may look to trade this range by buying dips toward 59 with tight stops just below 56 if playing the divergence bounce, or alternatively waiting for rejection signals near 62–64 to re-align with the dominant bearish bias, using stops above 64 and downside targets back toward 59 and then 56.