Tag Archives: WTI

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 …

Selling pressure continues to dominate US crude oil futures, with prices opening today’s session lower near $55.30. Technical Outlook – 4-Hour Timeframe: Prices are trading along a descending trendline, reinforcing the bearish bias, while simple moving averages are forming strong resistance levels. This outlook is further supported by clear negative …

US crude oil futures extended the upward trend highlighted in the previous technical report, reaching the first target at $60.00 and coming within a few points of the next target at $60.60, after recording a high of $60.45. Technical Outlook – 4-Hour Timeframe: Prices continue to move along a minor …

An upward trend dominated WTI crude oil futures in the previous session, with the price beginning to test the psychological resistance at $60.00. Technical Outlook – 4-Hour Timeframe: Oil is moving along a minor ascending trend line while maintaining stability above the 50-period simple moving average, which continues to act …

Selling pressure continues to dominate U.S. crude oil futures, with price action stabilizing near the session low at $58.66. Technical Outlook – 4-Hour Timeframe: Oil remains pressured along a descending trendline, maintaining a bearish structure. The lack of support from the 50-period simple moving average reinforces the downside bias and …

US crude oil futures attempted a mild recovery from recent losses, reaching an intraday high of $59.02. Technical Outlook – 4-Hour Timeframe Oil prices continue to trade under notable bearish pressure, remaining below the 50-day simple moving average, which is acting as a firm resistance. Price action also continues to …