Tag Archives: WTI

Oil prices climbed to their highest levels since August 2025 on Thursday, fueled by escalating tensions between the US and Iran. West Texas Intermediate (WTI) traded around $66.35 per barrel, extending gains from a sharp rally earlier this week. Brent crude also followed suit, reaching $71.55 per barrel.The surge reflects …

The technical outlook remains steady, with WTI crude oil futures showing limited movement while continuing to trade within an overall upward trend. Technical Outlook – 4-Hour Chart Simple moving averages remain supportive, underpinning the daily uptrend, while price action continues to respect a short-term ascending trendline. Momentum indicators also favor …

U.S. crude oil futures posted strong gains in the previous session, rallying to a high near $64.85 and reinforcing the prevailing bullish momentum. Technical Outlook – 4-Hour Chart The technical structure remains supportive. Simple moving averages continue to underpin the daily uptrend, while price action holds along a short-term ascending …

U.S. crude oil futures advanced in the previous session, in line with our prior technical outlook. As anticipated, a confirmed break above the 62.60 level triggered further gains toward 63.35, with prices extending higher to a peak near 64.17. Technical Outlook – 4-Hour Chart Simple moving averages have shifted back …

WTI crude oil futures are experiencing mixed price action as the market attempts to recover from the previous session’s losses, with prices currently stabilizing around the $61.50 area. Technical Outlook – 4-Hour Chart Momentum indicators are offering limited support. The Relative Strength Index (RSI) is working to ease oversold conditions, …

U.S. crude oil futures are attempting to overcome their short-term weakness after posting notable gains in the previous session, rising toward the $60.50 area. Technical Outlook – 4-Hour Chart Despite recent volatility, the broader technical backdrop remains constructive. Simple moving averages continue to provide dynamic support from below, confirming that …

WTI crude oil futures gave back a portion of their recent gains, posting a clear pullback during the previous trading session. Technical Outlook – 4-Hour Chart Despite the decline, the broader technical structure remains constructive. Simple moving averages continue to offer dynamic support from below, preserving the medium-term upward trend. …

U.S. crude oil (WTI) futures successfully met our bullish targets in the previous session, breaking above the key $60.80 level and extending gains to a high of $61.46. Technical Outlook – 4-Hour Chart Price action continues to be supported by a favorable technical backdrop. Simple moving averages remain aligned to …

U.S. crude oil (WTI) futures opened the week with a strong bullish gap, surging to a high of $59.95 per barrel — a clear signal of renewed short-term upside momentum. Technical Outlook – 4-Hour Chart Price action is currently supported by a favorable technical environment. Simple moving averages continue to …

US crude oil futures continued their downward trend for the second consecutive session, as we anticipated, reaching a low of $55.10, the lowest level in five years. Technical Outlook – 4-Hour Timeframe: The price is moving along a steep downtrend line, reinforcing the bearish trajectory, while the simple moving averages …