Tag Archives: Oil

U.S. crude oil futures are attempting to preserve recent gains, in line with the bullish scenario outlined in our previous report. The price is gradually climbing toward the projected target of $70.70, having reached a session high of $70.40 per barrel. Technical Outlook: Current intraday price action is showing mild …

U.S. crude oil futures surged during the previous trading session, aligning with the bullish expectations outlined in our prior report. The price successfully reached the official target at $70.40, marking a session high of $70.48 per barrel. Technical Outlook: Following the recent rally, intraday movements are showing modest pullbacks, likely …

WTI crude oil prices recorded a notable surge during the previous session, validating our previously neutral stance that highlighted a potential breakout above the minor downtrend line. The expected targets at $67.40 and $68.20 were both reached, with crude ultimately hitting a high of $69.72 per barrel. Technical Outlook: US …

U.S. crude oil (WTI) futures started the week on a positive note, attempting to establish a technical rebound after testing a key support level at $65.10 per barrel. Technical Outlook: WTI is currently holding above the psychological support of $65.00, reinforcing bullish recovery attempts. This is supported by price stability …

WTI crude oil futures extended their losses during the previous session, pressured by technical selling, as prices moved closer to the first downside target at $64.70, reaching an intraday low of $64.85 per barrel. Technical Outlook – 4-Hour Timeframe: The price is currently attempting to hold above the psychological support …

The downward trend continues to dominate U.S. crude oil futures, with intraday price action stabilizing near the recent low of $65.22. Technical Outlook – 4-Hour Timeframe: Oil remains under consistent selling pressure. A closer look at the chart shows that the 50-period Simple Moving Average (SMA) continues to act as …

U.S. crude oil futures extended their bearish momentum in the previous trading session, falling to a low of $66.25 per barrel. Technical Outlook – 4-Hour Timeframe: Intraday movements are showing signs of mild recovery attempts from oversold conditions. The Relative Strength Index (RSI) is attempting to generate early positive signals, …

U.S. crude oil futures posted strong gains in the previous session, reaching an intraday high of $68.61 per barrel. Technical Outlook – 4-Hour Timeframe: Price action remains supported by an ascending trend line, with the simple moving averages acting as dynamic support—indicating sustained bullish momentum. Notably, a positive divergence between …

U.S. crude oil futures posted strong gains in the previous session, reaching an intraday high of $68.61 per barrel. Technical Outlook – 4-Hour Timeframe: Price action remains supported by an ascending trend line, with the simple moving averages acting as dynamic support—indicating sustained bullish momentum. Notably, a positive divergence between …

We maintained a neutral stance in our previous report due to conflicting technical signals, clarifying that a steady break above the key resistance level at 68.00 could provide additional support for the upward movement. This has already happened, with the price successfully reaching 68.87. Technical Outlook – 4-Hour Timeframe: The …