Signal XTIUSD Sell — H4 - June 4, 2026 17:50 GMT-4
On the H4 timeframe for XTIUSD (WTI crude oil), the market has been in a pronounced downtrend since mid-May, marked by lower highs and lows with key resistance levels at 93.92 failing to hold. Recent price action shows a sharp decline from the 90.99 entry level, with the close at 89.58 indicating a strong bearish momentum. Volume remains elevated during the downtrend, suggesting institutional selling pressure, though the latest candles exhibit reduced volume, hinting at potential exhaustion. The current price action is testing critical support at 88.49, which, if breached, could open the door for further declines toward the 83.57…