{"id":120362,"date":"2025-10-28T10:02:54","date_gmt":"2025-10-28T06:02:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120362"},"modified":"2025-10-28T10:03:39","modified_gmt":"2025-10-28T06:03:39","slug":"crude-tests-a-new-price-floor-28-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/crude-tests-a-new-price-floor-28-10-2025\/10\/28\/tech-analysis\/","title":{"rendered":"Oil Attempts to Carve Out a Bottom 28\/10\/2025"},"content":{"rendered":"\n<p>U.S. crude remains in a broader uptrend but is seeing near-term selling pressure after probing the <strong>$62.00<\/strong> psychological barrier.<\/p>\n\n\n\n<p><strong>Technical outlook<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SMAs (H4)<\/strong> continue to slope higher and sit <strong>beneath price<\/strong>, acting as dynamic support.<\/li>\n\n\n\n<li><strong>RSI<\/strong> holds in constructive territory, consistent with base-building rather than trend reversal.<\/li>\n<\/ul>\n\n\n\n<p><strong>Base case (favored)<\/strong><br>As long as <strong>60.80<\/strong> holds, the path of least resistance is higher. A <strong>clean reclaim and hold above 61.75<\/strong> should re-ignite upside momentum toward <strong>61.90<\/strong>, then <strong>62.70<\/strong>.<\/p>\n\n\n\n<p><strong>Alternative case (pullback risk)<\/strong><br>An <strong>hourly close below 60.80<\/strong> would likely trigger a deeper dip toward <strong>60.50<\/strong>, where buyers will be tested again.<\/p>\n\n\n\n<p><strong>Key levels<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Support:<\/strong> 60.80; 60.50<\/li>\n\n\n\n<li><strong>Resistance:<\/strong> 61.75; 61.90; 62.00 (psych.); 62.70<\/li>\n<\/ul>\n\n\n\n<p><strong>Risk note<\/strong><br>Volatility remains elevated amid trade and geopolitical headlines. Multiple scenarios are possible. This commentary is for information only and is not investment advice.<\/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:\u00a060.50<\/strong><\/td><td><strong>R1: 61.90<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a059.85<\/strong><\/td><td><strong>R2: 62.75<\/strong><\/td><\/tr><tr><td><strong>S3: 59.10<\/strong><\/td><td><strong>R3:\u00a063.35<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>U.S. crude remains in a broader uptrend but is seeing near-term selling pressure after probing the $62.00 psychological barrier. Technical outlook SMAs (H4) continue to slope higher and sit beneath price, acting as dynamic support. RSI holds in constructive territory, consistent with base-building rather than trend reversal. Base case (favored)As long as 60.80 holds, the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":120363,"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-120362","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\/120362","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=120362"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120362\/revisions"}],"predecessor-version":[{"id":120365,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120362\/revisions\/120365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/120363"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}