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WTI has recorded a sharp decline on the H4 timeframe after being rejected at the $117–117.5 zone, breaking the bullish structure and moving below both the EMA50 and EMA100. Although price has rebounded from the $92 level, the current move appears largely technical as short-term momentum remains weak. The $99–100 zone now acts as a key resistance. Failure to break above this level could lead to a pullback toward $92–93, while a successful breakout may open the door toward $102–105.
On the H4 timeframe, USOIL (WTI) has experienced a sharp correction after being rejected at the resistance zone around $117–117.5. A strong bearish expansion candle broke the short-term bullish structure, pushing price below both the EMA50 and EMA100, indicating that bearish momentum is currently dominating in the near term.
The current rebound in WTI is likely a technical pullback, unless price can decisively break above the $100 resistance level to confirm renewed bullish momentum.
At present, price has shown a recovery reaction from the support area around $92. The current rebound carries the characteristics of a technical pullback following a short-term oversold condition. However, it is important to note that the overall price structure remains weak. The fact that price is still trading below both the EMA50 and EMA100 suggests that the short-term trend has not yet improved, and any upward moves may face renewed selling pressure at higher resistance levels.
The $99–100 zone now acts as immediate resistance. This area also aligns with the EMA100 and represents a key psychological level. If price fails to break above this zone, the risk of another pullback toward the $92–93 region remains intact. Conversely, a decisive breakout above $100 could extend the recovery toward $102, and potentially further toward the $105 area.
09.04.2026
USOIL (WTI)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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