{"id":121070,"date":"2025-11-21T11:35:09","date_gmt":"2025-11-21T07:35:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121070"},"modified":"2025-11-21T11:59:41","modified_gmt":"2025-11-21T07:59:41","slug":"oil-under-selling-pressure-21-11-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-under-selling-pressure-21-11-2025\/11\/21\/tech-analysis\/","title":{"rendered":"Oil Under Selling Pressure 21\/11\/2025"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>WTI extended lower in line with the prior bearish view, tagging the first target at <strong>$58.50<\/strong> and printing a <strong>$58.05<\/strong> low.<\/p>\n\n\n\n<p><strong>Technical outlook<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>50-SMA (4H):<\/strong> Price remains <strong>below<\/strong> the average, keeping downside pressure intact.<\/li>\n\n\n\n<li><strong>Structure:<\/strong> A bearish pattern with <strong>lower highs\/lows<\/strong> supports continuation risk.<\/li>\n<\/ul>\n\n\n\n<p><strong>Base case (bearish while below $59.05)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A <strong>decisive break\/4H close below $58.00<\/strong> would likely press toward <strong>$57.50<\/strong> first support; follow-through exposes <strong>$56.80<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Invalidation \/ bounce path<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reclaiming and holding above $59.05<\/strong> would temper immediate downside and allow a corrective bounce.<\/li>\n<\/ul>\n\n\n\n<p><strong>Event risk<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>High-impact releases today: <strong>UK Retail Sales<\/strong>, <strong>prelim Manufacturing\/Services PMIs<\/strong> for the <strong>UK, Eurozone, and US<\/strong>. Expect elevated volatility around the prints.<\/li>\n<\/ul>\n\n\n\n<p><strong>Risk note<\/strong><br>Backdrop remains headline-sensitive. Use prudent sizing and firm stops; reassess quickly if trigger levels give way.<\/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:&nbsp;57.50<\/strong><\/td><td><strong>R1: 59.50<\/strong><\/td><\/tr><tr><td><strong>S2:&nbsp;56.75<\/strong><\/td><td><strong>R2: 60.80<\/strong><\/td><\/tr><tr><td><strong>S3: 55.50<\/strong><\/td><td><strong>R3:&nbsp;61.50<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>WTI extended lower in line with the prior bearish view, tagging the first target at $58.50 and printing a $58.05 low. Technical outlook 50-SMA (4H): Price remains below the average, keeping downside pressure intact. Structure: A bearish pattern with lower highs\/lows supports continuation risk. Base case (bearish while below $59.05) A decisive break\/4H close below &hellip;<\/p>\n","protected":false},"author":9,"featured_media":121093,"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-121070","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\/121070","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=121070"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121070\/revisions"}],"predecessor-version":[{"id":121083,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121070\/revisions\/121083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121093"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}