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macroJun 29, 2026, 5:12 PM

Crude Oil under heavy pressure, sellers still in control

Crude oil remains under heavy selling pressure, with both WTI and Brent reaching major support zones. Bearish gaps continue to signal that sellers are still dominating the market.

WTIBrent

Crude oil continues to face intense selling pressure after another week dominated by aggressive sell-offs. Both WTI and Brent benchmarks have already reached key support levels, but fresh bearish gaps in price action suggest that sellers remain firmly in control.

Traders are watching these support zones closely as the market searches for a potential floor. However, the persistence of bearish gaps indicates that downside momentum has not yet exhausted itself, leaving the short-term outlook tilted to the downside.

Source: FXStreet Forex News