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WTI Crude Oil has experienced a significant downside correction after failing to sustain momentum near the $106.75 level. The sharp drop forced prices below a critical bullish trend line with key support previously located at $100.50 on the 4-hour chart. This technical breakdown reflects intensifying selling pressure across energy markets, as traders re-evaluate demand dynamics and broader macroeconomic risk conditions. Concurrently, major currency pairs like EUR/USD and GBP/USD faced technical headwinds, with the euro struggling beneath the 1.1520 mark and the pound entering a consolidation phase near 1.3330.
