Oil Kicks Off on a Positive Note 19/11/2025

WTI caught a bid after basing near $59.30, with buyers regaining traction.

Technical outlook

• 50-SMA (4H): Price has reclaimed and is stabilizing above it, adding positive momentum.
• RSI: Turning constructive, supporting the recovery attempt.

Base case (bullish bias while above $60.10 / $59.80)

• Holding $60.10—and more broadly $59.80—keeps the topside in focus.
• A clean break/hold above $61.10 would likely extend toward $61.70.

Alternative / downside

• A return and close below $59.60 would hand control back to sellers and reopen $58.70.

Event risk

• FOMC minutes today may spur volatility—consider tighter risk controls around the release.

Risk note
Backdrop remains headline-sensitive. Use prudent position sizing and firm stops; reassess quickly if these 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: 59.60	R1: 61.10
S2: 58.70	R2: 61.70
S3: 58.05	R3: 62.60