๐ข๏ธ WTI Price Outlook: Struggles Below $61 โ Bears in Control
WTI crude continues to drift lower for the second straight session, trading under pressure below $61.00 as easing geopolitical tensions and concerns over a potential US government shutdown weigh on sentiment.
Technically, repeated failures near the 200-EMA (4H) and negative momentum indicators keep the short-term bias bearish. A clear break below $60.20โ$60.00 could open the door for deeper losses toward $59.40โ$59.00, marking the lowest levels since May.
On the upside, resistance is seen near $61.60, followed by $62.35 (200-EMA). Only a sustained move above that zone would shift momentum back in favor of buyers targeting $63.00โ$63.70.
๐ Scalping View: Short-term traders can look for quick sell opportunities below $61.00 with tight risk control. Stay cautious โ volatility could rise if shutdown headlines intensify.
โ Posted by Gols Scalping Signals | Market Update โ October 10, 2025