WTI crude oil (CONC) 2-hour market analysis

WTI crude oil, on the 2-hour timeframe, has retreated from the intraday high of 75.08 and is currently in a short-term downtrend. The upper resistance levels are at 74.0 and 75.08, while the lower support levels are at 72.75 and 72.3. Short-term bearish momentum persists, and it is likely to test the 72.75 support first. If this level is breached, prices may fall further; if it holds, the market may enter a range-bound phase.