Oil Holds Steady Above the Moving Average 4/11/2025

Price action has been mixed with a slight dip, but the corrective uptrend remains intact.

Technical outlook

• SMAs: Still trending beneath price, supporting momentum.
• RSI: Attempting to turn higher, consistent with scope for another push up.

Base case (bullish while above $60.45)

• Holding $60.45 keeps the upside favored.
• A decisive break/hold above $61.75 would likely extend gains toward $61.90, then $62.30.

Alternative / pullback

• A 4H close below $60.40 would weaken the setup and expose $60.00 before buyers may try to reassert control.

Risk note
Volatility is elevated amid trade and geopolitical tensions. Use prudent sizing and firm stops; reassess quickly if the key levels give way.

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: 60.45	R1: 61.40
S2: 60.00	R2: 61.90
S3: 59.50	R3: 62.30