WTI Crude Oil Price Drops To $65 As Bearish Momentum Accelerates Below Key Support Zones (Technical Analysis)

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Summary

  • WTI crude oil fell over 15% from recent highs, reaching $65 after breaking key trendline support.
  • Momentum indicators remain bearish; price trades below all major EMAs on the 4-hour and daily charts.
  • Short-term recovery is capped unless bulls reclaim $68–$70 range with strong daily close.

Pipelines and storage in oil refinery.

Alvaro Victor

By Jainam Mehta

WTI crude oil continued its slide for a third consecutive session, dropping over 15% from the recent $77.50 peak to trade near $65 on Tuesday. The sharp reversal came after a failed breakout above multi-month resistance, and now reflects a

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