{"id":119515,"date":"2025-10-03T10:12:00","date_gmt":"2025-10-03T06:12:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119515"},"modified":"2025-10-03T09:54:32","modified_gmt":"2025-10-03T05:54:32","slug":"oil-suffers-heavy-losses-3-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-suffers-heavy-losses-3-10-2025\/10\/03\/tech-analysis\/","title":{"rendered":"Oil Suffers Heavy Losses 3\/10\/2025"},"content":{"rendered":"\n<p>US crude oil futures faced heavy selling pressure in the last session, sliding to a low of <strong>$60.42 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 weigh on price from above, with the <strong>50-day SMA converging near 61.80<\/strong>, reinforcing resistance.<\/li>\n\n\n\n<li><strong>RSI:<\/strong> The index is in oversold territory, though early positive signals suggest the possibility of a short-term rebound. However, this does not negate the broader daily downtrend, which remains intact.<\/li>\n\n\n\n<li><strong>Bias:<\/strong> The steep bearish structure continues to dominate, but short-lived corrective rebounds remain possible.<\/li>\n<\/ul>\n\n\n\n<p><strong>Probable Scenarios:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bearish Case (preferred):<\/strong> Continued trading below <strong>61.80<\/strong> keeps the downside bias intact. A clear break below <strong>60.40<\/strong> could extend losses towards <strong>60.00<\/strong>, and further to <strong>59.20<\/strong> if selling intensifies.<\/li>\n\n\n\n<li><strong>Bullish Case (alternative):<\/strong> Holding above <strong>61.80<\/strong> may trigger a corrective rebound, with targets at <strong>62.10<\/strong> and <strong>62.80<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Risk Warning:<\/strong> Volatility may surge with the release of <strong>US Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings<\/strong> today. Market reactions could produce sharp movements in either direction.<\/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:\u00a060.00<\/strong><\/td><td><strong>R1: 62.10<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a059.15<\/strong><\/td><td><strong>R2: 63.30<\/strong><\/td><\/tr><tr><td><strong>S3: 57.90<\/strong><\/td><td><strong>R3:\u00a064.15<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>US crude oil futures faced heavy selling pressure in the last session, sliding to a low of $60.42 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to weigh on price from above, with the 50-day SMA converging near 61.80, reinforcing resistance. RSI: The index is in oversold territory, though early positive signals &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119523,"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-119515","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\/119515","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=119515"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119515\/revisions"}],"predecessor-version":[{"id":119524,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119515\/revisions\/119524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119523"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}