WTI crude extended its bearish trajectory, reaching the first target at $62.15 before recording a session low of $61.65, now approaching the next stop at $61.30. Technical Outlook: Simple Moving Averages (SMA): Prices remain under pressure from above, with moving averages forming dynamic resistance that limits rebound attempts. Relative Strength …
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US crude oil futures opened with a bearish gap, touching a low of $62.44 per barrel during early trading. Technical Outlook: Simple Moving Averages (SMA): Pressuring the price from above, acting as dynamic resistance that may hinder recovery attempts. Relative Strength Index (RSI): Stabilizing below the 50 level, confirming the …
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US crude futures extended their intraday bullish momentum, as anticipated, after breaching the $63.85 resistance, reaching the official target at $64.60 and printing a session high of $64.72 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to provide dynamic support from below, reinforcing the bullish bias. RSI: …
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US crude oil (WTI) futures advanced at the start of the week, reaching $63.63 per barrel, though the upward momentum still requires confirmation. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support prices from below, providing a solid base for the current move. However, early signs …
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WTI erases early-week gains as it drops over 2% to trade at $62.20. In August, OPEC+ production increased by 509,000 barrels per day, reaching 42.4 million barrels per day. The IEA lowers its demand prediction to 740,000 bpd and warns of a 2.5 million bpd global surplus in H2 2025.As …
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US crude oil futures (WTI) staged a cautious climb from the pivotal support at 61.60, with stability above this level reinforcing the intraday bullish wave. Technical Outlook – 4-hour timeframe: Holding above 61.60 strengthened the rebound and added positive momentum, as reflected by the Relative Strength Index (RSI), which has …
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US crude oil futures (WTI) rebounded from the pivotal support at 61.60, with stability above this level reinforcing the intraday bullish wave. Technical Outlook – 4-hour timeframe: Holding above 61.60 provided the foundation for a solid rebound, with the Relative Strength Index (RSI) confirming renewed momentum after recovering from oversold …
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US crude oil futures extended their bullish momentum in line with the outlook from the previous report, climbing to a high near the psychological barrier of $66.00 per barrel. Technical Outlook – 4-hour timeframe: The price is moving within an upward corrective channel, supported by the breakout above the 65.00 …
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US WTI crude oil futures recorded strong gains after successfully building a base above the psychological support at $63.00, climbing to a high of $65.05 per barrel. Technical Outlook – 4-hour timeframe: The price is trading within an upward corrective channel, supported by its stability above a well-defined ascending trend …
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US WTI crude oil successfully established a base above the psychological support at $63.00, as highlighted in the previous report, and staged an upward rebound that reached the official target at $64.20 per barrel—the highest level of the last trading session. Technical Outlook – 4-hour timeframe: Current intraday movements show …
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