WTI crude oil tests $91.58 support amid bearish technical outlook

WTI crude oil is approaching critical support at $91.58, a 38.2% Fibonacci retracement level, as a broader downtrend deepens. The price has bounced briefly to $92.52 on the 5-hour chart but remains under pressure, with the market testing a no-trade zone between $91.50 and $98.00. A sustained close above $98.58 would invalidate the bearish bias, but for now, traders are eyeing a potential decline toward $87.50, where the 200-period simple moving average and 50% Fibonacci retracement converge.