Price action has been mixed with a slight dip, but the corrective uptrend remains intact. Technical outlook SMAs: Still trending beneath price, supporting momentum. RSI: Attempting to turn higher, consistent with scope for another push up. Base case (bullish while above $60.45) Holding $60.45 keeps the upside favored. A decisive …
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US crude extended its climb toward the $61.75 objective flagged in the prior report, printing an early-session high at $61.41. Technical outlook SMAs: Simple moving averages are trending beneath price, supporting momentum. RSI: Stays constructive, consistent with ongoing upside pressure. Base case (bullish bias while above $60.75 / $60.30) Holding …
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Price action remains in a corrective uptrend, with buyers attempting to extend gains. Technical outlook: Simple moving averages sit beneath price and continue to offer support. RSI is constructive, helping sustain upside momentum. Base case (bullish bias while above 60.80): Holding 60.80 keeps the path higher toward 61.75, then 61.90 …
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U.S. crude remains in a broader uptrend but is seeing near-term selling pressure after probing the $62.00 psychological barrier. Technical outlook SMAs (H4) continue to slope higher and sit beneath price, acting as dynamic support. RSI holds in constructive territory, consistent with base-building rather than trend reversal. Base case (favored)As …
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WTI crude futures extend their downtrend, with strong selling pressure driving prices to multi-month lows despite brief intraday rebounds. Technical (4H):Price action remains below a descending trend line, keeping bears in control. Down-sloping simple moving averages continue to act as dynamic resistance, capping recovery attempts and reinforcing the broader bearish …
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WTI crude (U.S. futures) met the prior report’s target at $58.70, printing a low of $58.22 before a modest rebound. The move appears corrective within a broader bearish structure. Technical:Price remains capped beneath down-sloping simple moving averages, which act as dynamic resistance and may limit upside attempts. RSI is trying …
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U.S. crude oil futures attempted to recover a portion of their previous losses, reaching an intraday high of $60.14 per barrel during the prior trading session. However, the broader trend remains under pressure amid persistent bearish sentiment. Technical Overview The simple moving averages (SMAs) continue to weigh on price action …
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The recent trading week concluded amid a state of chaos dominated by sharp contradictions that swept through global markets and major institutions, forcing investors to reassess fundamental risks, redistribute capital, and rearrange their diversified asset portfolios.Amid government deadlock in Washington and an unprecedented escalation in the trade war between superpowers, …
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U.S. WTI crude oil futures retreated after several consecutive sessions of gains, hitting a low near $61.30 per barrel during the previous session. Technical Overview The simple moving averages have turned into dynamic resistance levels, now exerting downward pressure on prices and likely limiting any recovery attempts. At the same …
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US WTI crude oil futures resumed an upward trajectory, attempting to recover losses from prior sessions after successfully establishing a solid support base near $60.80 per barrel. The move reflects renewed buying interest following a period of corrective pressure. Technical Outlook – 4-Hour Timeframe: The price is currently testing the …
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