Oil: negative pressure persist 17/4/2026

The downward trend continued to dominate the price movements of US crude oil futures, following the bearish trajectory outlined in the previous technical report.

Technical Outlook – 4-Hour Timeframe:

In the short-term market, the simple moving averages continue to act as dynamic resistance levels, exerting downward pressure on the price and reinforcing the bearish bias. This is further supported by clear negative signals on the Relative Strength Index (RSI), which remains below the 50 midline.

We maintain a bearish outlook, targeting 90.70 as an initial target. A break below this level could extend losses toward 88.50.

Conversely, a return to a stable price above 95.50 could push the price higher, with initial targets starting at 97.80.

Caution: The risk level in trading crude oil is relatively high and may not be suitable for all investors. The risk remains elevated amid ongoing trade and geopolitical tensions, and all scenarios remain possible.

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: 90.70	R1: 95.50
S2: 88.20	R2: 97.85
S3: 85.90	R3: 100.30