Tue, 09 Jun 2026 08:54:25 GMT
Bearish Momentum Drives Crude Oil Below 90.00
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