FX.co ★ CL/Crude Oil

*WTI Crude Oil 1H – Technical Analysis* *Market Structure & Context Analysis* USOIL on the 1H timeframe shows a _bearish structure with a confirmed Break of Structure at key support_. Price had been trending upward along the ascending trendline from the June low near 87.50, making higher highs and higher lows. The rally stalled near 96.50, forming a lower high and breaking the trendline. This break led to a drop that pushed price below the 90.50 level marked as BOS, confirming a Market Structure Shift to bearish. Price is now at 90.24, down 2.88%, testing the BOS level as support. The structure remains bearish while price holds below 92.50. A break and 1H close below 90.00 would confirm continuation toward 88.50 and 87.50. A reclaim and close above 92.50 would invalidate the bearish structure and open a move back toward 94.00 and 95.00. Volume spiked on the breakdown below the trendline, confirming seller commitment. *Order Blocks & Key Zones* *Bearish Order Block: 92.00–92.80*: The broken trendline and prior demand zone now acting as resistance. This area aligns with the red zone on the chart. *Bearish Order Block: 94.00–94.50*: Recent swing high and liquidity pool before the drop. *Bullish Order Block: 90.00–90.50*: The BOS level and immediate demand zone. A break below flips this into supply. *Support: 88.50–88.80*: Next demand zone if 90.00 fails, marked by the green take profit zone. *Entry Strategy* Bias is bearish below 92.50. Two setups: 1. *Sell Entry – Supply Retest*: Wait for a 1H bearish rejection at 92.00–92.80 with a close below 92.00. Target 90.00. 2. *Sell Entry – BOS Breakdown*: If price closes below 90.00 with volume, sell the retest of 90.00 as resistance for a move to 88.50. Avoid longs unless price closes above 92.50 and reclaims the broken trendline. *Stop Loss Placement* For sells at 92.00–92.80, place SL above 93.00, above the OB and recent swing high. Risk $0.80–$1.00. For breakdown sells, place SL above 90.50. Keep stops outside order blocks to avoid liquidity sweeps on EIA data and geopolitical headlines.

*Take Profit Targets* For sells: TP1 at 90.00, TP2 at 88.50. Aim for minimum 1:2 RR. Scale 50% at TP1, move SL to breakeven, trail the rest using 1H lower highs. *Risk Management* Risk 0.5%–1% per trade. With a $0.90 stop, position size = (Account × 1%) ÷ 0.90. WTI is sensitive to EIA inventory data, OPEC+ news, USD strength, and risk sentiment. Avoid entries 15 min before/after high-impact USD and oil news. Require 1H close confirmation to filter false breaks. *Conclusion & Outlook* The break of the ascending trendline and BOS at 90.50 confirms short-term bearish control. 92.00–92.80 is key resistance for continuation. A rejection there likely sends price back to 90.00 and 88.50. Only a close above 92.50 shifts bias neutral-to-bullish.