WTI crude oil extended its downward move yesterday, reinforcing the bearish tone that has dominated recent sessions. Selling pressure remains elevated, and the market is struggling to find meaningful buying interest at current levels. With WTI trading close to the $57 mark, attention is increasingly shifting toward the yearly lows near $55. A retest of this area appears plausible, especially given the lack of strong bullish catalysts. From a technical perspective, the market continues to respect its broader downward structure. Liquidity below recent lows could attract further selling in the short term. Additionally, thin year-end liquidity may amplify price movements. With only three trading days left in the current year, volatility could remain elevated. Market participants are therefore advised to stay cautious. The coming sessions will be crucial in determining whether $55 becomes the next key test for WTI.
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