#oil (WTI): Strong Rejection From Major Supply Zone 62.5
Oil (WTI): Strong Rejection From Major Supply Zone 62.5
Oil has once again reacted strongly from a well-defined supply zone around the 62.00–62.50 area, a level that previously acted as resistance in September and October 2025.
The latest rejection confirms that sellers remain active at this zone and that the broader bearish structure is still intact.
The price failed to move above the resistance zone and quickly reversed, signaling a potential bullish trap.
As long as oil remains below this supply area, the probabilities favor further downside continuation.
The first downside target is located near 58.30, followed by the major demand zone around 56.10, where price previously found strong support.
You may find more details in the chart!
Thank you and Good Luck!