Noor Trends News, Technical Analysis, Educational Tools and Recommendations
US crude extended its climb toward the $61.75 objective flagged in the prior report, printing an early-session high at $61.41.
Technical outlook
- SMAs: Simple moving averages are trending beneath price, supporting momentum.
- RSI: Stays constructive, consistent with ongoing upside pressure.
Base case (bullish bias while above $60.75 / $60.30)
- Holding $60.75—and more firmly $60.30—keeps the path higher intact.
- A decisive break and hold above $61.75 would likely extend gains toward $62.25, then $63.10.
Alternative / pullback
- A 4H close below $60.30 would weaken the setup and expose $59.50 before buyers might try to reassert control.
Risk note
Volatility remains elevated amid trade and geopolitical tensions. Use prudent sizing and hard stops; reassess quickly if these key levels give way.
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: 60.30 | R1: 61.70 |
| S2: 59.50 | R2: 62.25 |
| S3: 58.90 | R3: 63.10 |
