Prices for US crude oil futures (WTI<\/strong>) regained their upward trend during the previous session after successfully breaking the 62.50<\/strong> resistance level. This led to a high of $63.15<\/strong> per barrel. Current movements show continued attempts at an upward rebound. The 50-day Simple Moving Average<\/strong> has turned into a support level, reinforcing the positive outlook. The Relative Strength Index<\/strong> is sending positive signals, reflecting the price’s attempt to gain additional momentum that could push it to higher levels. With trading remaining stable above the 62.00<\/strong> support level, the upward path remains dominant. A break above 63.45<\/strong> would pave the way toward 63.95<\/strong> as the first resistance, followed by 64.50<\/strong> as a key resistance area.<\/p>\n\n\n\n If trading falls back below the psychological barrier of 62.00<\/strong>, it would create negative pressure that could reinforce a return to the downward path, with an initial target of 61.35<\/strong>.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Today, we are awaiting high-impact economic data from the US economy: “Weekly Unemployment Claims, Preliminary Reading of the Services and Manufacturing PMI.” This data may cause strong price volatility when released.<\/p>\n\n\n\n Warning<\/strong><\/p>\n\n\n\n Disclaimer<\/strong><\/p>\n\n\n\n Trading in CFDs involves high risk, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.<\/p>\n\n\n\n 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 has turned into a support …<\/p>\n","protected":false},"author":13,"featured_media":117950,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[6909],"class_list":["post-117948","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117948"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117948\/revisions"}],"predecessor-version":[{"id":117949,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117948\/revisions\/117949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/117950"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n\n\n\nTechnical Outlook – 4-Hour Timeframe<\/h3>\n\n\n\n
<\/p>\n\n\n\nProbable Scenario<\/strong><\/h3>\n\n\n\n
\n
S1:\u00a062.15<\/strong><\/td> R1: 63.45<\/strong><\/td><\/tr> S2:\u00a061.35<\/strong><\/td> R2: 63.95<\/strong><\/td><\/tr> S3: 60.80<\/strong><\/td> R3:\u00a064.75<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"