**WTI Trading Outlook** Currently, WTI is trading in a bearish range below $60-$62, where it faces strong resistance. Some momentum indicators, like the RSI and MACD, are showing early signs of stabilizing, despite ongoing bearish sentiment. The RSI has bounced back from oversold levels to around 41, and the MACD histogram is getting closer, indicating a possible bullish crossover if buying pressure continues. Immediate support levels are at $57.00 and $55.00. WTI is a “light, sweet” crude oil with low gravity and sulfur content, produced in the U.S. Its price heavily depends on inventory data; a decrease signifies higher demand, while a rise points to an excess supply. OPEC’s production decisions also significantly impact WTI prices. Recently, there was an unexpected drop in inventory, leading to a short-term rebound in WTI after it hit a five-month low near $56 earlier this week. This bounce is also supported by a weaker U.S. Dollar, reacting to last week’s inflation data, which showed the annual CPI rate cooling to 2.8%. However, we should be cautious with this recovery since the overall trend remains bearish. **Future Implications** Looking ahead, the outlook suggests continuing weakness in the coming weeks and into early 2026. Recent manufacturing PMI data from China and the Eurozone has fallen below 50, indicating economic contraction and a weaker global energy demand. This aligns with forecasts from the International Energy Agency, which suggest that global supply will outstrip consumption. On the supply side, there is little indication of any significant changes that could support prices. OPEC+ ministers aren’t expected to meet until early December, and there are no signs that they will implement deeper production cuts beyond those set for 2025. This ongoing oversupply strengthens the technical resistance at the $60-$62 per barrel range. For options traders, this situation suggests that selling premium could be a smart move. Selling call spreads with a short strike price above the $62 resistance level could take advantage of the expected price ceiling and time decay. This strategy allows for profit if the price remains steady or declines, in line with the bearish trend. Futures traders might view the current rise towards $60 as a chance to set up short positions. Similar patterns occurred in late 2024, where relief rallies failed at key resistance levels before returning to a downward trend. It’s essential to place a disciplined stop-loss order just above the $62-$63 zone to manage risk if the market unexpectedly shifts. While momentum indicators like the RSI and MACD show signs of stabilizing, we need to see a clear price movement above the moving averages to confirm any real trend change. Until then, this appears to be a typical relief rally within a broader downtrend. The key is to monitor buying pressure as prices near the strong resistance wall at $60-$62. Create your live VT Markets account and start trading now.

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