US crude oil futures extended the upward trend highlighted in the previous technical report, reaching the first target at $60.00 and coming within a few points of the next target at $60.60, after recording a high of $60.45.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
Prices continue to move along a minor ascending trend line while remaining above the 50-day simple moving average, which provides strong dynamic support and reinforces the bullish bias. This is supported by positive signals from the Relative Strength Index (RSI), reflecting strengthening upward momentum.<\/p>\n\n\n\n
With trading holding above $59.55, the outlook favors a continuation of the upward trend. A confirmed break above the $60.55 resistance level could open the way for further gains toward $60.80, followed by $61.00.<\/p>\n\n\n\n
However, stability below the aforementioned support level could place temporary downward pressure on prices, potentially leading to a retest of $58.50.<\/p>\n\n\n\n
Warning: The level of risk is high amid ongoing trade and geopolitical 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 US crude oil futures extended the upward trend highlighted in the previous technical report, reaching the first target at $60.00 and coming within a few points of the next target at $60.60, after recording a high of $60.45. Technical Outlook \u2013 4-Hour Timeframe: Prices continue to move along a minor ascending trend line while remaining …<\/p>\n","protected":false},"author":9,"featured_media":121493,"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-121485","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\/121485","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=121485"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121485\/revisions"}],"predecessor-version":[{"id":121494,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121485\/revisions\/121494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121493"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1:\u00a059.55<\/strong><\/td> R1: 60.55<\/strong><\/td><\/tr> S2:\u00a059.00<\/strong><\/td> R2: 61.00<\/strong><\/td><\/tr> S3: 58.50<\/strong><\/td> R3:\u00a061.55<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"