WTI Tests 6-Week Highs Near $87.50, Bearish Bias Holds

West Texas Intermediate (WTI) crude oil is trading near $87.50 in early European trade, hitting levels not seen in six weeks. The price action reflects a short-term push higher, yet technical indicators suggest the broader bearish sentiment remains intact.

The 100-day simple moving average continues to act as a key resistance level. As long as WTI stays below this line, the prevailing bearish bias is expected to hold. A break above the SMA could shift the outlook, but for now, sellers remain in control.

The $87.50 area also coincides with a prior resistance zone, making it a critical point for the next directional move. Traders are watching for either a sustained breakout or a rejection back to lower levels.