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.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n The price is currently attempting to stabilize above the key psychological support at 63.00. Relative strength indicators have entered deeply oversold territory compared to price movement, raising the possibility of a positive divergence forming in the coming hours.<\/p>\n\n\n\n Probable Scenario:<\/strong><\/p>\n\n\n\n As long as prices hold above 63.00, the likelihood of a rising bottom increases, with upside targets at 63.80 as initial resistance. A break above this level could pave the way for further gains toward 64.20. Conversely, a confirmed hourly close below 63.00 would add to downside pressure, reinforcing the bearish outlook with targets at 62.50 initially and potentially extending toward 62.00.<\/p>\n\n\n\n Warning:<\/strong> Risks remain elevated amid ongoing trade and geopolitical tensions, and all scenarios should be considered.<\/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 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 \u2013 4-hour timeframe: The price is currently attempting to stabilize above the key psychological support at 63.00. Relative strength indicators …<\/p>\n","protected":false},"author":9,"featured_media":118128,"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-118120","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\/118120","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118120"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118120\/revisions"}],"predecessor-version":[{"id":118129,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118120\/revisions\/118129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118128"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a062.50<\/strong><\/td> R1: 64.20<\/strong><\/td><\/tr> S2:\u00a061.95<\/strong><\/td> R2: 65.30<\/strong><\/td><\/tr> S3: 60.90<\/strong><\/td> R3:\u00a065.85<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"