US crude oil futures (WTI) continue their decline, hitting a key resistance level around 65.30, which successfully limited the rise.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/p>\n\n\n\n
Simple moving averages: Pressuring prices from above, forming dynamic resistance that limits any upward rebound.<\/p>\n\n\n\n
Relative Strength Index (RSI): Around oversold areas, with positive signs beginning to emerge, but the presence of a downward sub-wave within a steep downtrend may reduce recovery chances.<\/p>\n\n\n\n
Current resistance: 64.35, while stability below 64.60 remains evidence of the strength of the downtrend.<\/p>\n\n\n\n
A break of the 62.90 support level will increase selling pressure and open the way to 62.20 as a potential immediate target, with a potential extension to 61.50 later.<\/p>\n\n\n\n
On the other hand, a break of the 64.60 resistance level with an hourly close above it may give oil a chance for a temporary recovery towards 66.20.<\/p>\n\n\n\n
Warning: Today, we are awaiting high-impact economic data from the US economy, including job openings and labor turnover. We may experience significant price volatility when the news is released.<\/p>\n\n\n\n
Warning: Risk is high amid ongoing trade and geopolitical tensions, and all scenarios are possible.<\/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 crude oil futures (WTI) continue their decline, hitting a key resistance level around 65.30, which successfully limited the rise. Technical Outlook \u2013 4-hour timeframe: Simple moving averages: Pressuring prices from above, forming dynamic resistance that limits any upward rebound. Relative Strength Index (RSI): Around oversold areas, with positive signs beginning to emerge, but the …<\/p>\n","protected":false},"author":9,"featured_media":119363,"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-119355","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\/119355","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=119355"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119355\/revisions"}],"predecessor-version":[{"id":119364,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119355\/revisions\/119364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119363"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a062.20<\/strong><\/td> R1: 64.65<\/strong><\/td><\/tr> S2:\u00a061.40<\/strong><\/td> R2: 66.20<\/strong><\/td><\/tr> S3: 59.80<\/strong><\/td> R3:\u00a067.05<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"