Crude Oil (WTI/USD) Short Setup

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๐Ÿ”ป Crude Oil (WTI/USD) Short Setup โ€“ Trend Exhaustion with Bearish Risk/Reward Play
Crude oil has shown weakness after failing to reclaim the $62.50โ€“63.00 resistance zone. Price is now consolidating near the breakdown level, and early signs of bearish continuation are forming. SQZMOM histogram is flattening near zero, hinting at loss of bullish momentum. This setup offers a high-probability short with favorable downside extension.

๐Ÿ“‰ Entry: 61.97
๐ŸŽฏ Target: 57.83
๐Ÿ›‘ Stop Loss: 63.87
๐Ÿ“Š Risk/Reward Ratio: 2.18
๐Ÿ“† Expected Duration: ~5 days

๐Ÿ“Œ Technical Highlights:
Bearish Retest: Price is stalling at previous broken support turned resistance.

Trend Weakness: Lower highs forming after recent top at 63.87.

SQZMOM Indicator: Momentum stalling below zero, signaling a potential shift back to bearish pressure.

Support Gap: Clean range down to $58 with thin volume structure below $60.

๐Ÿ’ฌ A break below 60.12 confirms momentum shift. A close above 62.50 invalidates the short.

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