Tag Archives: WTI

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 …

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 …

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 …

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 …

US WTI crude oil futures reversed the upward trend anticipated in the previous technical outlook, which had been based on trading above the 63.65 level, instead recording a low of $63.07 per barrel. Technical Outlook – 4-hour timeframe: The price is currently attempting to stabilize above the key psychological support …

An uptrend has regained control of US WTI crude oil futures, with prices beginning to test the psychological resistance level at $65.00 per barrel. Technical Outlook – 4-hour timeframe: Intraday movements show a modest corrective bias following the previous session’s rise, yet upward rebound attempts remain active. The 50-period simple …

Futures prices for West Texas Intermediate (WTI) crude oil temporarily regained their upward trend during the previous session after clearly breaking the resistance level of 62.50, reaching a high of $63.64 per barrel. Technical Outlook – 4-Hour Timeframe Intraday movements show a downward bias as part of a natural corrective …

Prices for US crude oil futures (WTI) regained their upward trend during the previous session after successfully breaking the 62.50 resistance level. This led to a high of $63.15 per barrel. Technical Outlook – 4-Hour Timeframe Current movements show continued attempts at an upward rebound. The 50-day Simple Moving Average …

WTI crude oil futures have continued to record consecutive losses over several sessions, with the price reaching its lowest level at $61.68 per barrel. Technical Outlook – 4-Hour Timeframe Current price action shows attempted bullish rebounds as the Relative Strength Index (RSI) tries to correct from oversold conditions. Meanwhile, the …

WTI crude oil prices rose to around $70.80 per barrel on Friday, driven by renewed optimism about energy demand stemming from the latest US labor market report. While January’s Nonfarm Payrolls (NFP) fell short of expectations at 143,000 new jobs, the continued resilience of the labor market and strong wage …