{"id":119130,"date":"2025-09-23T12:05:20","date_gmt":"2025-09-23T08:05:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119130"},"modified":"2025-09-23T12:05:24","modified_gmt":"2025-09-23T08:05:24","slug":"heavy-selling-pressure-drags-oil-lower-23-9-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/heavy-selling-pressure-drags-oil-lower-23-9-2025\/09\/23\/tech-analysis\/","title":{"rendered":"Heavy Selling Pressure Drags Oil Lower 23\/9\/2025"},"content":{"rendered":"\n<p>WTI crude extended its bearish trajectory, reaching the first target at <strong>$62.15<\/strong> before recording a session low of <strong>$61.65<\/strong>, now approaching the next stop at <strong>$61.30<\/strong>.<\/p>\n\n\n\n<p><strong>Technical Outlook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Simple Moving Averages (SMA):<\/strong> Prices remain under pressure from above, with moving averages forming dynamic resistance that limits rebound attempts.<\/li>\n\n\n\n<li><strong>Relative Strength Index (RSI):<\/strong> Stabilizing below the 50 midline, confirming the persistence of negative momentum.<\/li>\n\n\n\n<li><strong>Key Levels:<\/strong> Current resistance stands at <strong>$62.45<\/strong>, with stability below <strong>$62.80<\/strong> reinforcing the strength of the downtrend.<\/li>\n<\/ul>\n\n\n\n<p><strong>Probable Scenario:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bearish Case:<\/strong> A decisive break below <strong>$61.45<\/strong> could intensify selling pressure and open the way toward <strong>$60.90<\/strong> as the next intraday target.<\/li>\n\n\n\n<li><strong>Bullish Case:<\/strong> A breakout above <strong>$62.45<\/strong> on an hourly close may trigger a temporary recovery toward <strong>$62.80<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Note:<\/strong> The previously open price gap has now been closed.<\/p>\n\n\n\n<p><strong>Warning:<\/strong> Markets are awaiting high-impact US economic data today (Services and Manufacturing PMI releases). Volatility is likely upon publication.<\/p>\n\n\n\n<p><strong>Risk Note:<\/strong> Risk levels remain elevated amid ongoing trade and geopolitical tensions, and all scenarios are possible.<\/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:\u00a061.45<\/strong><\/td><td><strong>R1: 62.80<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a060.90<\/strong><\/td><td><strong>R2: 63.50<\/strong><\/td><\/tr><tr><td><strong>S3: 60.15<\/strong><\/td><td><strong>R3:\u00a064.10<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude extended its bearish trajectory, reaching the first target at $62.15 before recording a session low of $61.65, now approaching the next stop at $61.30. Technical Outlook: Simple Moving Averages (SMA): Prices remain under pressure from above, with moving averages forming dynamic resistance that limits rebound attempts. Relative Strength Index (RSI): Stabilizing below the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119138,"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-119130","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\/119130","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=119130"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119130\/revisions"}],"predecessor-version":[{"id":119139,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119130\/revisions\/119139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119138"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}