Oil to be monitored 21/2/2025

U.S. crude oil futures continued their upward momentum for the third consecutive session, reaching a high of $73.11 per barrel.

Technical Analysis

On the 4-hour chart, a bullish crossover of the simple moving averages (SMA) supports the potential for further gains. However, Stochastic indicators suggest a loss of upward momentum, signaling the emergence of a bearish technical structure.

With these mixed technical signals, two scenarios could unfold:

1. Bullish Scenario: A confirmed breakout above $73.05 could push prices higher toward $73.75, with further upside potential toward $74.40.
2. Bearish Scenario: A drop below $71.75 could trigger a strong downward move, targeting $71.00 and potentially $70.40.

Market Risk and Caution

Given ongoing trade tensions and market uncertainty, traders should closely monitor price behavior. All scenarios remain possible, making risk management essential.

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: 71.75	R1: 73.05
S2: 71.00	R2: 73.75
S3: 70.35	R3: 74.40