Selling pressure continues to dominate U.S. crude oil futures, with price action stabilizing near the session low at $58.66.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
Oil remains pressured along a descending trendline, maintaining a bearish structure. The lack of support from the 50-period simple moving average reinforces the downside bias and limits any meaningful upward attempts. A bearish technical pattern is also in play, signaling the likelihood of continued downside movement in the near term.<\/p>\n\n\n\n
As long as the price trades below the resistance at $59.40, the bearish outlook remains favored. A confirmed break below $58.30 could accelerate losses toward $57.55, followed by $56.70 as the next support.<\/p>\n\n\n\n
However, holding above $59.40 would invalidate this scenario and could trigger a temporary upward correction toward $60.20.<\/p>\n\n\n\n
Warning: Highly impactful U.S. economic data is due today, including the Non-Farm Private Employment Change and the ISM PMI. Sharp price volatility is likely during the release.<\/p>\n\n\n\n
Warning: The risk level remains elevated amid persistent geopolitical and trade tensions, and all scenarios remain 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 Selling pressure continues to dominate U.S. crude oil futures, with price action stabilizing near the session low at $58.66. Technical Outlook \u2013 4-Hour Timeframe: Oil remains pressured along a descending trendline, maintaining a bearish structure. The lack of support from the 50-period simple moving average reinforces the downside bias and limits any meaningful upward attempts. …<\/p>\n","protected":false},"author":9,"featured_media":121367,"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-121358","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\/121358","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=121358"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121358\/revisions"}],"predecessor-version":[{"id":121368,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121358\/revisions\/121368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121367"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a058.10<\/strong><\/td> R1: 59.40<\/strong><\/td><\/tr> S2:\u00a057.50<\/strong><\/td> R2: 60.20<\/strong><\/td><\/tr> S3: 56.75<\/strong><\/td> R3:\u00a060.75<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"