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US crude oil futures prices continue to achieve significant losses within the expected negative outlook during the last analysis, touching the first target at 62.70, approaching by a few points, with a difference of a few points from the next stop 61.55, recording the lowest price of 61.85.
Technically, as oil continues to get negative pressure from the simple moving averages, in addition to the negative signals coming from the RSI and its stability below the mid-line 50, therefore, and with stability trading below the previously broken support-into-resistance 62.70, the bearish scenario remains valid, targeting 61.10 and then 60.45.
The return of trading stability above 62.70 postpones the chances of a rise but does not cancel them, and we may witness a temporary bullish path that aims to retest 63.30 initially.
| S1: 61.10 | R1: 63.30 |
| S2: 60.44 | R2: 64.70 |
| S3: 59.00 | R3: 65.40 |
