WTI extended lower in line with the prior bearish view, tagging the first target at $58.50 and printing a $58.05 low. Technical outlook 50-SMA (4H): Price remains below the average, keeping downside pressure intact. Structure: A bearish pattern with lower highs/lows supports continuation risk. Base case (bearish while below $59.05) …
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WTI reversed lower after failing to hold above $60.00, sliding to a $58.70 low. Technical outlook 50-SMA (4H): Price is trading below the average, adding downside pressure. Pattern/structure: A developing bearish setup (with lower highs) supports continuation risk to the downside. Base case (bearish while below $60.00 / $60.45) A …
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WTI caught a bid after basing near $59.30, with buyers regaining traction. Technical outlook 50-SMA (4H): Price has reclaimed and is stabilizing above it, adding positive momentum. RSI: Turning constructive, supporting the recovery attempt. Base case (bullish bias while above $60.10 / $59.80) Holding $60.10—and more broadly $59.80—keeps the topside …
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WTI slipped in early trade, consolidating near $59.40. Technical outlook SMAs: Price holds beneath the simple moving averages, which act as dynamic resistance and cap rebounds. RSI: Negative momentum signals persist, consistent with a downward bias. Base case (bearish while below $60.10) Staying under $60.10 keeps the risk tilted lower. …
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WTI rebounded firmly in the prior session, printing a $60.62 high. Technical outlook SMAs: Price has temporarily shaken off pressure from the simple moving averages, reducing immediate downside drag. RSI: Rebound follows an oversold reading, supporting a short-term recovery attempt. Base case (bullish while above $58.75) Holding $58.75 keeps the …
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A bullish bias has re-emerged, with futures printing a $61.25 high. Technical outlook 50-SMA (4H): Price is holding above the moving average, keeping the uptrend intact despite a routine pullback on profit-taking. RSI: Attempting to turn higher, consistent with a resumption of upside momentum. Base case (bullish while above $59.90) …
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Futures are attempting to rebound after posting a $57.70 low, but the broader setup remains fragile. Technical outlook SMAs & structure: Simple moving averages sit overhead and a descending trendline persists—both acting as dynamic resistance and limiting upside. Base case (bearish while below $60.00) As long as price holds beneath …
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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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