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\u2014the highest level of the last trading session.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n Current intraday movements show a mild downward correction, a natural reaction after testing the psychological resistance at 64.00 and facing profit-taking. Nevertheless, the simple moving averages continue to provide support, reinforcing the potential for further upside. While relative strength indicators are hovering in overbought territory, momentum signals remain positive, confirming short-term bullish dominance.<\/p>\n\n\n\n Probable Scenario:<\/strong><\/p>\n\n\n\n As long as prices remain above the 63.00 support, the outlook favors a rising bottom formation. Upside targets begin at 64.20 as initial resistance, with a break above this level opening the way for further gains toward 64.80. Conversely, a confirmed hourly close below 63.00 would generate negative pressure, resuming the broader downtrend toward 62.40 as the first support, with the potential to extend lower toward 61.75.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Traders are awaiting high-impact US economic releases today, including the preliminary quarterly GDP reading and weekly unemployment claims. These data may trigger strong price volatility upon release.<\/p>\n\n\n\n Warning:<\/strong> Risks remain high 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 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\u2014the highest level of the last trading session. Technical Outlook \u2013 4-hour timeframe: Current intraday movements show a mild downward correction, a …<\/p>\n","protected":false},"author":9,"featured_media":118181,"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-118173","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\/118173","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=118173"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118173\/revisions"}],"predecessor-version":[{"id":118182,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118173\/revisions\/118182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118181"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a063.00<\/strong><\/td> R1: 64.15<\/strong><\/td><\/tr> S2:\u00a062.40<\/strong><\/td> R2: 64.80<\/strong><\/td><\/tr> S3: 61.75<\/strong><\/td> R3:\u00a065.40<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"