WTI Crude Oil edges higher during Friday’s Asian session, snapping a four-day losing streak after touching a two-week low. However, the commodity remains below the key $60.00 mark, signaling caution for bullish traders.

Technically, WTI has been trending within a downward-sloping channel since late October. The recent breakdown below the 100-period 4-hour SMA indicates that the path of least resistance remains to the downside. Any upward move is likely to encounter fresh selling near $60.30, with stronger resistance around $60.65 at the trend-channel hurdle.

On the upside, sustained strength above this level could trigger a short-covering rally, potentially testing the $61.00 round figure. Conversely, support lies at $59.00, followed by $58.75 and the lower end of the channel near $58.35. A convincing break below these levels could open the way toward $57.40–$57.35.

Overall, WTI’s modest gains reflect short-term relief, but the technical backdrop favors sellers, and caution is advised for traders seeking bullish exposure.