Tag Archives: Oil

US crude oil futures reversed the expected downward trend outlined in the previous technical report, which was based on trading stability below the key resistance level at $61.90. Instead, the market shifted to a more positive tone, with intraday movements showing a clear upside bias. Prices are currently hovering near …

U.S. crude oil futures are trading with a negative bias, despite brief intraday attempts to stabilize. The price is currently hovering near $61.20 per barrel, reflecting continued selling pressure. From a technical perspective, oil prices remain below the 50-day simple moving average, which acts as a key dynamic resistance at …

U.S. crude oil futures posted significant losses in line with the previously outlined bearish scenario, reaching the first official downside target at $60.45 and recording a session low of $60.27 per barrel. From a technical standpoint, oil prices are currently trading below the 50-day simple moving average, which is acting …

U.S. crude oil futures experienced mixed trading in the previous session after testing the psychological resistance level at $64.00, which effectively halted the upward momentum and capped further gains. Technically, oil is now stabilizing around $61.60. A closer look at the 4-hour chart reveals that the price has broken below …

Oil markets are caught in a precarious balance, teetering between geopolitical flashpoints and economic uncertainty. Despite recent easing in prices, the underlying currents of international diplomacy, military conflicts, and crucial economic data paint a complex picture for crude’s future. The current landscape isn’t merely about supply and demand; it’s a …

U.S. crude oil futures aligned with the expected upward movement in the previous session, as the price held above the pivotal $61.20 support level. Although the market briefly dipped to $60.11, triggering a pullback that offset earlier long positions, the broader technical structure remains constructive. On the 4-hour chart, the …

U.S. crude oil futures are currently trading with a bearish tone, following a retreat from the recent high of $63.64 per barrel recorded in the previous session. Technically, the price is attempting to stabilize near the key support level at $61.20, suggesting the possibility of a short-term rebound. This potential …

The Russian rouble strengthened past the 81 mark against the U.S. dollar on Thursday, reaching its highest level since June 28, 2024, as climbing oil prices and geopolitical optimism fueled investor demand for the currency. As of 09:00 GMT, the rouble was trading 1.5% higher at 80.90 per dollar in …

U.S. crude oil futures are facing strong resistance near the $61.60 level, which has exerted downward pressure on prices. As a result, oil has retreated and is currently trading around $60.50 per barrel. From a technical perspective, the 50-period simple moving average—hovering near the $61.50 zone—is acting as a firm …

U.S. crude oil futures are experiencing volatility, reversing recent gains and opening the session with a bearish gap. At the time of writing, prices have dipped to a session low of $69.29 per barrel. From a technical perspective, the price has settled below the 50-day simple moving average at $70.90, …