The H1 chart of WTI crude oil (XTIUSD) presents a bearish setup, as the price has been consolidating within a descending trend channel since May 15th. The recent high of 104.72 is being tested as resistance, while the low of 98.22 is a crucial support level. The momentum indicators suggest a weakening uptrend, with the Relative Strength Index (RSI) falling below 50. The volume has been increasing, indicating a growing interest in the market. The current price of 103.67 is facing resistance from the upper trend line, which may lead to a potential sell-off. Based on this analysis, we expect…

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