Bearish Momentum Drives Crude Oil Below 90.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On the 4-hour chart, Light Crude Oil has established a clear bearish structure, breaking through immediate support to trade at 89.380, firmly below the psychological 90.00 threshold. This downward momentum is technically reinforced by the price remaining well below the 100-period Simple Moving Average, which is currently tracking lower near 94.512 and acting as dynamic resistance.



The MACD indicator strongly corroborates this bearish sentiment, with both the MACD and signal lines entrenched in negative territory while the expanding red histogram (-0.295) signals accelerating selling pressure. Having decisively breached the 89.750 support line, the asset's path of least resistance appears downward, with the next critical technical support levels marked at 86.300 and subsequently 82.200 if the current bearish momentum is sustained.

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