Technical Analysis of Crude Oil
Crude oil is moving in a downward trend on the 1-hour timeframe. Prices successfully reached the targets mentioned in the previous report and formed an FVG zone around the 63.30 level, rejecting it to the downside. Currently, prices are trading near 62.48, and further declines are expected during the day.
The continuation of lower lows supports the bearish scenario, especially with the absence of any strong reversal signals so far. In addition, increasing selling momentum could push prices to test lower levels in the coming hours.

Key Economic News
There are no major news releases affecting oil today. However, on Wednesday, the US Crude Oil Inventories data is expected to have a significant impact on oil price movements.

Liquidity Levels
Prices are expected to decline towards 62.18, then 61.93.
The bearish scenario will be invalidated if a 1-hour candle closes above the 63.30 level.