Noor Trends News, Technical Analysis, Educational Tools and Recommendations
WTI rebounded firmly in the prior session, printing a $60.62 high.
Technical outlook
- SMAs: Price has temporarily shaken off pressure from the simple moving averages, reducing immediate downside drag.
- RSI: Rebound follows an oversold reading, supporting a short-term recovery attempt.
Base case (bullish while above $58.75)
- Holding $58.75 keeps the bias topside.
- A clean break/4H close above $60.80 would likely extend gains toward $61.95.
Alternative / downside
- A 4H close back below $58.75 would negate the bullish setup and put the broader downtrend back in charge, exposing $57.00 initially.
Risk note
Headline risk remains elevated. Use prudent sizing and firm stops; reassess quickly if these 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: 58.30 | R1: 60.80 |
| S2: 57.00 | R2: 61.95 |
| S3: 55.85 | R3: 63.25 |
