Tag Archives: Oil

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 …

A bearish trend dominated US crude oil futures, aligning with the previous technical outlook, as the price successfully touched the $72.30 target. Technical Outlook: Simple moving averages continue to pressure prices downward. The price remains below the previously broken support at $73.90, now acting as a resistance level. Key Levels …

Negative pressure continues to dominate U.S. crude oil futures, with prices reaching a low of $72.95 per barrel during the previous session. From a technical perspective, the 4-hour chart reveals a bearish head and shoulders formation, with the price remaining below 74.25, further pressured by negative signals from the simple …

A bearish trend dominated US crude oil futures prices during the early trading sessions this week, with prices reaching their lowest level at $72.42 per barrel. From a technical standpoint, examining the 4-hour chart reveals the formation of a bearish inverted head and shoulders pattern. Additionally, oil prices remain below …