US crude oil futures (WTI) started the week with a bullish price gap, reaching a high of $61.88 per barrel. Technical Outlook – 4-hour timeframe: The price is attempting to consolidate above the $61.50 resistance level, supported by positive signals from the Relative Strength Index (RSI), despite entering overbought territory. …
Read More »
US crude oil futures faced heavy selling pressure in the last session, sliding to a low of $60.42 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to weigh on price from above, with the 50-day SMA converging near 61.80, reinforcing resistance. RSI: The index is in oversold …
Read More »
WTI crude oil successfully reached the downside target highlighted in the previous report at $62.20, recording a low of $62.00 per barrel. Technical Outlook: Moving Averages: Prices remain pressured from above, with dynamic resistance forming near $63.15, limiting recovery attempts. RSI: Hovering near oversold territory, the indicator is beginning to …
Read More »
US crude oil futures (WTI) continue their decline, hitting a key resistance level around 65.30, which successfully limited the rise. Technical Outlook – 4-hour timeframe: Simple moving averages: Pressuring prices from above, forming dynamic resistance that limits any upward rebound. Relative Strength Index (RSI): Around oversold areas, with positive signs …
Read More »
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 …
Read More »
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 …
Read More »
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: …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
