{"id":118920,"date":"2025-09-17T11:09:05","date_gmt":"2025-09-17T07:09:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118920"},"modified":"2025-09-17T11:09:12","modified_gmt":"2025-09-17T07:09:12","slug":"oil-forms-a-bullish-technical-pattern-17-9-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-forms-a-bullish-technical-pattern-17-9-2025\/09\/17\/tech-analysis\/","title":{"rendered":"Oil Forms a Bullish Technical Pattern 17\/9\/2025"},"content":{"rendered":"\n<p>US crude futures extended their intraday bullish momentum, as anticipated, after <strong>breaching the $63.85 resistance<\/strong>, reaching the official target at <strong>$64.60<\/strong> and printing a session high of <strong>$64.72 per barrel<\/strong>.<\/p>\n\n\n\n<p><strong>Technical Outlook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Moving Averages:<\/strong> The simple moving averages continue to provide <strong>dynamic support from below<\/strong>, reinforcing the bullish bias.<\/li>\n\n\n\n<li><strong>RSI:<\/strong> The Relative Strength Index is maintaining <strong>positive momentum<\/strong>, coinciding with the early formation of a <strong>bullish technical pattern<\/strong> that supports further upside.<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Levels:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Support:<\/strong> $63.30 \u2013 Holding above this level protects the bullish scenario.<\/li>\n\n\n\n<li><strong>Immediate Resistance:<\/strong> $64.75 \u2013 A confirmed breakout above this level could pave the way towards <strong>$65.10<\/strong> and potentially <strong>$65.80<\/strong>.<\/li>\n\n\n\n<li><strong>Downside Risk:<\/strong> A break below <strong>$63.20<\/strong> would negate the bullish outlook, exposing the price to renewed selling pressure and a retest of <strong>$62.20<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p> <strong>Risk Note:<\/strong> Volatility is expected to spike today with multiple <strong>high-impact U.S. events<\/strong>: the FOMC statement, Fed economic outlook, Fed Chair press conference, and the Federal Funds Rate decision.<\/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:\u00a063.30<\/strong><\/td><td><strong>R1: 65.10<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a062.20<\/strong><\/td><td><strong>R2: 65.80<\/strong><\/td><\/tr><tr><td><strong>S3: 61.50<\/strong><\/td><td><strong>R3:\u00a066.90<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>US crude futures extended their intraday bullish momentum, as anticipated, after breaching the $63.85 resistance, reaching the official target at $64.60 and printing a session high of $64.72 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to provide dynamic support from below, reinforcing the bullish bias. RSI: The Relative Strength Index is &hellip;<\/p>\n","protected":false},"author":9,"featured_media":118929,"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-118920","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\/118920","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=118920"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118920\/revisions"}],"predecessor-version":[{"id":118930,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118920\/revisions\/118930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118929"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}