Oil awaits negative stimulus 18/2/2025

US Crude Oil (WTI) Technical Analysis

US crude oil futures saw temporary positive movements, reaching $71.47 per barrel during this morning’s trading.

Technical Outlook:

• Bearish Signals:
  • The simple moving averages (SMA) continue to pressure the price from above.
  • The Stochastic indicator is losing upward momentum, signaling potential weakness.
• Key Support & Target Levels:
  • A drop below 70.50 could accelerate the bearish trend toward 69.65.
• Bullish Scenario:
  • A price consolidation above 71.85 could trigger a temporary recovery toward 72.30.

Market Risks & Considerations:

• US President Donald Trump’s speech may cause high volatility.
• Ongoing trade tensions could lead to unpredictable price swings.

⚠ Risk Warning: The market risk level is high, and all scenarios remain possible.

Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. This market’s risk level remains high, particularly due to ongoing geopolitical tensions, which could result in heightened price fluctuations.

S1: 70.50	R1: 71.85
S2: 69.65	R2: 72.30
S3: 69.20	R3: 73.15