Bullish Technical Indicators Support More Upside for Oil 26/08/2025

An uptrend has regained control of US WTI crude oil futures, with prices beginning to test the psychological resistance level at $65.00 per barrel.

Technical Outlook – 4-hour timeframe:

Intraday movements show a modest corrective bias following the previous session’s rise, yet upward rebound attempts remain active. The 50-period simple moving average has shifted into a support level, reinforcing the positive outlook. At the same time, the Relative Strength Index (RSI) is generating bullish signals after exiting overbought territory, suggesting the potential for renewed momentum that could drive prices higher.

Probable Scenario:

As long as trading remains above the 63.65 support level, the bullish bias dominates. A break above 65.10 would open the way toward 65.85 as the first resistance, with further gains possible toward 66.60 as a key resistance area. Conversely, a move back below 63.65 would revive selling pressure, exposing 62.85 as initial support, with an extension lower toward 62.20 likely.

Warning: Risks remain elevated amid ongoing trade and geopolitical tensions, and all scenarios should be considered.

Trading in CFDs involves high risk, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.

S1: 63.65	R1: 65.15
S2: 62.85	R2: 65.85
S3: 62.10	R3: 66.65