- WTI remains under unprecedented selling pressure on the second day of the week.
- The level to beat for bears is the 5.50 support.
WTI daily chart
WTI is extremely strong selling pressure as the demand for the black gold remains absent.
WTI four-hour chart
WTI took another impressive spike down as the bears remain in full control of the market. A break below $5.50 a barrel can send the oil further down near 2.74 and 1.35 in the medium-term. Resistance can emerge near 10.60, 13.46 and 16.10 levels.