{"id":118838,"date":"2025-09-16T10:34:35","date_gmt":"2025-09-16T06:34:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118838"},"modified":"2025-09-16T10:34:38","modified_gmt":"2025-09-16T06:34:38","slug":"oil-buyers-are-losing-steam-16-9-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-buyers-are-losing-steam-16-9-2025\/09\/16\/tech-analysis\/","title":{"rendered":"Oil Buyers Are Losing Steam 16\/9\/2025"},"content":{"rendered":"\n<p>US crude oil (WTI) futures advanced at the start of the week, reaching $63.63 per barrel, though the upward momentum still requires confirmation.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n<p>The 50-period simple moving average continues to support prices from below, providing a solid base for the current move. However, early signs of weakness are appearing on the Relative Strength Index (RSI), indicating a temporary loss of buying momentum. In addition, the broader short-term structure remains aligned with a descending trend line, suggesting continued fluctuation within a narrow range until a clear breakout occurs.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Key Support:<\/strong> $62.60 \u2013 holding above this level keeps the bullish scenario intact.<\/li>\n\n\n\n<li><strong>Immediate Resistance:<\/strong> $63.85 \u2013 a confirmed breakout and close above would open the way to $64.30 and then $64.60.<\/li>\n\n\n\n<li><strong>Downside Risk:<\/strong> A drop below $62.50 could shift control back to sellers, targeting $62.10 as the next support.<\/li>\n<\/ul>\n\n\n\n<p><strong>Fundamental Note:<\/strong><\/p>\n\n\n\n<p>Today\u2019s session includes highly impactful data: U.S. <strong>retail sales<\/strong> and Canada\u2019s <strong>Consumer Price Index (CPI)<\/strong> (monthly and annual). These releases may trigger sharp price volatility.<\/p>\n\n\n\n<p><strong>Warning:<\/strong> Risks remain high amid ongoing trade and geopolitical tensions, and all scenarios should be considered.<\/p>\n\n\n\n<p>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<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1:\u00a062.75<\/strong><\/td><td><strong>R1: 63.85<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a062.10<\/strong><\/td><td><strong>R2: 64.30<\/strong><\/td><\/tr><tr><td><strong>S3: 61.70<\/strong><\/td><td><strong>R3:\u00a064.95<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2013 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 of weakness are appearing on &hellip;<\/p>\n","protected":false},"author":9,"featured_media":118846,"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-118838","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\/118838","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=118838"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118838\/revisions"}],"predecessor-version":[{"id":118847,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118838\/revisions\/118847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118846"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}