Signal XTIUSD Sell — H4 - June 4, 2026 16:32 GMT-4
The H4 chart of XTIUSD (WTI crude oil) shows a clear downtrend with multiple lower highs and higher lows, indicating bearish momentum. Recent price action has been consolidating between key resistance at 92.93 and support at 90.55, with volume spikes confirming strong selling pressure during declines. The current close at 90.55 aligns with a potential reversal setup, as the price has failed to sustain above 91.16, a critical resistance level. This failure suggests weakening bullish exhaustion, paving the way for a corrective move lower. The formation of a bearish candlestick pattern near the recent high, coupled with declining volume in…