Tag Archives: Oil

After a sustained period of strong declines, U.S. crude oil prices staged a bullish technical rebound in the previous session, reaching a session high of $68.25 per barrel. Technical Outlook – 4-Hour ChartThe current technical landscape reveals mixed signals: The simple moving averages have shifted to provide support from below, …

Oil prices traded cautiously higher during today’s session, following a string of consecutive declines. The market saw a modest rebound, with prices testing the psychological resistance level at $66.00 per barrel. Current Range: Support: $64.65 Resistance: $65.95 Prices remain confined within a narrow sideways range. The simple moving averages continue …

US crude oil futures experienced narrow-range trading, showing only a slight upward inclination and reaching a high of $66 per barrel. From a technical perspective, oil prices are attempting to recover some of the recent losses during intraday movement, with current efforts focused on stabilizing above the $65.00 level. However, …

U.S. crude oil futures experienced a sharp drop yesterday, testing the psychological support level around $64.00 per barrel. From a technical perspective, intraday price action shows a modest recovery, with prices currently trading slightly above $65.00. A review of the 4‑hour chart indicates that the simple moving averages remain positioned …

U.S. crude oil futures experienced notable fluctuations during yesterday’s trading session, primarily due to profit-taking following the sharp rally that began late last week. From a technical perspective, oil prices are attempting to establish a solid support base around the psychological level of $69.00 in order to resume the upward …

US crude oil futures posted their largest gains since March 2022, surging to a high of $77.57 per barrel as geopolitical tensions escalated, fueling fears of supply disruptions and boosting safe-haven flows into commodities. From a technical standpoint, despite the profit-taking-driven intraday pullback, the overall trend remains decisively bullish. Overbought …

U.S. crude oil futures posted sharp gains in the previous session, reaching the official target of $66.85 and extending to a session high of $68.98 per barrel. From a technical standpoint, intraday price action showed signs of bearish pressure, largely attributed to profit-taking after the strong rally. This coincides with …

U.S. crude oil futures followed the expected bullish trajectory, successfully reaching the first official target at $65.90 and coming within reach of the second target at $66.45, with a session high recorded at $66.24 per barrel. From a technical standpoint, the psychological resistance near $65.00 continues to exert downward pressure …

US crude oil futures extended their recent rally, posting additional gains at the start of the week and reaching a session high of $65.62 per barrel. From a technical standpoint, despite heightened intraday volatility following the recent surge, the broader trend remains bullish. A closer inspection of the 4-hour chart …

US crude oil futures surged, gaining over 3.00% and reaching a high of $63.84 per barrel. Technically, after reaching this level, price action became more volatile, but the broader daily trend remains bullish. The 4-hour chart shows that the simple moving averages continue to provide dynamic support, particularly around $61.80. …