US crude oil futures (WTI) started the week with a bullish price gap, reaching a high of $61.88 per barrel.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n The price is attempting to consolidate above the $61.50 resistance level, supported by positive signals from the Relative Strength Index (RSI), despite entering overbought territory. The 50-day simple moving average (SMA) continues to act as a resistance level that may limit further intraday gains.<\/p>\n\n\n\n Intraday trading stability above $61.40 \u2014 the previously breached resistance \u2014 could encourage the price to extend its upward movement toward $62.00, followed by $62.30 as the next targets.<\/p>\n\n\n\n Conversely, a clear break below the $60.95 support level may immediately halt further upward attempts, paving the way for a return of the downward corrective trend toward $60.10.<\/p>\n\n\n\n Warning:<\/strong> The risk level 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) started the week with a bullish price gap, reaching a high of $61.88 per barrel. Technical Outlook \u2013 4-hour timeframe: The price is attempting to consolidate above the $61.50 resistance level, supported by positive signals from the Relative Strength Index (RSI), despite entering overbought territory. The 50-day simple moving average …<\/p>\n","protected":false},"author":9,"featured_media":119582,"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-119574","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\/119574","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=119574"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119574\/revisions"}],"predecessor-version":[{"id":119583,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119574\/revisions\/119583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119582"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a060.95<\/strong><\/td> R1: 62.30<\/strong><\/td><\/tr> S2:\u00a060.10<\/strong><\/td> R2: 62.70<\/strong><\/td><\/tr> S3: 59.70<\/strong><\/td> R3:\u00a063.60<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"