Crude Oil Maximizes Its Gains

US crude oil futures prices jumped to achieve strong gains during the first weekly trading sessions within the positive outlook expected during the previous analysis, touching the official target station of 65.65, recording a high of 66.32.

Technically, Confirming the breach of psychological barrier 65.00 will support the incline, in addition to the continuation of the RSI indicator obtaining bullish momentum on short time frames.

Therefore, the bullish scenario will remain valid and effective targeting 67.00/67.10 as a first target, and breaching it will increase and accelerate the strength of the daily bullish trend so that the way is directly open towards 68.10.

Only from below is the return of trading stability below 65.00 and the most important 64.00 delaying the bullish chances, but not canceling it, and we may witness a bearish tendency aimed at re-testing 63.00 before attempting to rise again.

Note: Stochastic is around overbought areas.

S1: 64.35	R1: 67.10
S2: 62.60	R2: 68.10
S3: 61.65	R3: 69.70