{"id":120465,"date":"2025-10-31T10:41:38","date_gmt":"2025-10-31T06:41:38","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120465"},"modified":"2025-10-31T10:41:41","modified_gmt":"2025-10-31T06:41:41","slug":"oil-attempts-to-shed-negativity-31-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-attempts-to-shed-negativity-31-10-2025\/10\/31\/tech-analysis\/","title":{"rendered":"Oil Attempts to Shed Negativity 31\/10\/2025"},"content":{"rendered":"\n<p>Price action remains in a corrective uptrend, with buyers attempting to extend gains.<\/p>\n\n\n\n<p>Technical outlook:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Simple moving averages sit beneath price and continue to offer support.<\/li>\n\n\n\n<li>RSI is constructive, helping sustain upside momentum.<\/li>\n<\/ul>\n\n\n\n<p>Base case (bullish bias while above 60.80):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Holding 60.80 keeps the path higher toward 61.75, then 61.90 and 62.70.<\/li>\n\n\n\n<li>A 4H close <strong>above 61.75<\/strong> would strengthen the bullish scenario and favor continuation.<\/li>\n<\/ul>\n\n\n\n<p>Pullback levels \/ alternative path:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If price slips, first supports sit at 60.60 and 59.60.<\/li>\n\n\n\n<li>Reclaiming 59.60 from below would refocus 60.60 \u2192 61.10.<\/li>\n\n\n\n<li>A <strong>4H close below 59.60<\/strong> would negate the bullish setup and expose 59.10.<\/li>\n<\/ul>\n\n\n\n<p>Risk note:<br>Volatility remains elevated amid trade and geopolitical tensions; reassess quickly if key levels break. Manage size and stops accordingly.<\/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:\u00a059.55<\/strong><\/td><td><strong>R1: 60.65<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a059.05<\/strong><\/td><td><strong>R2: 61.20<\/strong><\/td><\/tr><tr><td><strong>S3: 58.50<\/strong><\/td><td><strong>R3:\u00a061.70<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Price action remains in a corrective uptrend, with buyers attempting to extend gains. Technical outlook: Simple moving averages sit beneath price and continue to offer support. RSI is constructive, helping sustain upside momentum. Base case (bullish bias while above 60.80): Holding 60.80 keeps the path higher toward 61.75, then 61.90 and 62.70. A 4H close &hellip;<\/p>\n","protected":false},"author":9,"featured_media":120473,"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-120465","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\/120465","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=120465"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120465\/revisions"}],"predecessor-version":[{"id":120474,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120465\/revisions\/120474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/120473"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}