Tag Archives: Oil

US crude oil futures fell significantly, surpassing the target of 66.20 mentioned in our previous report, and reached a low of $65.62 per barrel. Technical Outlook Bearish Indicators: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the 68.20 support level—which has …

US crude oil futures experienced a selling wave in line with our negative outlook, reaching the first target at $67.20 and recording a low of $66.80 per barrel. Technical Outlook Bearish Signals: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the …

U.S. crude oil futures experienced a sharp decline, aligning with our previous technical outlook, reaching the first target at $68.85 and coming within a few points of the next official support at $67.80, recording a low of $67.85 per barrel. Technical Outlook A closer look at the 4-hour chart shows …

U.S. crude oil futures attempted to rise, reaching a high of $70.51 per barrel but failed to maintain stability above the key psychological resistance at $70.00. From a technical perspective, the 4-hour chart indicates bearish momentum, as the Relative Strength Index (RSI) remains below the 50 midline, coupled with a …

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, …

US Crude Oil (WTI) Technical Analysis US crude oil futures saw temporary positive movements, reaching $71.47 per barrel during this morning’s trading. Technical Outlook: Bearish Signals: The simple moving averages (SMA) continue to pressure the price from above. The Stochastic indicator is losing upward momentum, signaling potential weakness. Key Support …

The Russian central bank kept its benchmark interest rate unchanged at 21% during its board meeting on Friday, maintaining a tight monetary stance despite recent economic optimism fueled by improving U.S.-Russia relations. Key Takeaways from the Decision: The rate remains at 21%, a level set in October 2024 to combat …

US Crude Oil Price Analysis US crude oil declined sharply after failing to hold above $73.00 per barrel for an extended period. Technical Outlook: Bearish Indicators: The 4-hour chart shows clear selling pressure at the open. Negative crossover of simple moving averages is weighing on prices. A bearish technical structure …

U.S. crude oil futures extended their gains, finding support at $70.90 and reaching a session high of $72.57 per barrel. Technical Outlook: The 4-hour chart shows that simple moving averages are supporting the price from below, offering a positive momentum boost. Oil has stabilized above $72.30, reinforcing the potential for …

WTI crude oil continues its losing streak for the third consecutive session, now testing the psychological support at $71.00. Technical Outlook: Moving averages exert downward pressure, reinforcing the bearish bias. Price remains below the previously broken support at 72.40, which has now turned into resistance. Key Levels to Watch: Bearish …