FX.co ★ WTI, H4 | Potential bearish reversal?

WTI crude oil prices are currently bearish and may drop towards the first support at 71.15, while facing resistance at 74.07. Key support levels include a significant overlap support and an overlap support with a 78.60% Fibonacci retracement. Meanwhile, resistance levels include an overlap resistance with a 61.80% Fibonacci retracement and a swing high resistance with a 78.60% Fibonacci retracement. The RSI is displaying bearish divergence, signaling a possible reversal. Traders should monitor these levels and RSI for any potential breakouts or reversals in the near future