Noor Trends News, Technical Analysis, Educational Tools and Recommendations
WTI crude futures extend their downtrend, with strong selling pressure driving prices to multi-month lows despite brief intraday rebounds.
Technical (4H):
Price action remains below a descending trend line, keeping bears in control. Down-sloping simple moving averages continue to act as dynamic resistance, capping recovery attempts and reinforcing the broader bearish structure.
Base case (downside continuation):
While below $58.00, the path of least resistance stays lower. A clean break beneath $56.60 would likely extend losses toward $56.00.
Alternative (tactical rebound):
If buyers can force a sustained intraday recovery, upside is likely to be corrective while MAs trend lower. Only reclaiming and holding above successive resistance layers would ease immediate pressure.
Risk:
Geopolitical/trade headlines can spark sharp two-way moves. Use disciplined sizing and clear invalidation levels; conditions may not suit all risk profiles.
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: 56.60 | R1: 57.80 |
| S2: 56.10 | R2: 58.40 |
| S3: 55.50 | R3: 59.00 |
