{"id":122604,"date":"2026-01-14T11:23:15","date_gmt":"2026-01-14T07:23:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=122604"},"modified":"2026-01-14T11:23:19","modified_gmt":"2026-01-14T07:23:19","slug":"oil-continues-to-recover-14-1-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-continues-to-recover-14-1-2026\/01\/14\/tech-analysis\/","title":{"rendered":"Oil continues to recover 14\/1\/2026"},"content":{"rendered":"\n<p>U.S. crude oil (WTI) futures successfully met our bullish targets in the previous session, breaking above the key $60.80 level and extending gains to a high of $61.46.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Chart<\/strong><\/p>\n\n\n\n<p>Price action continues to be supported by a favorable technical backdrop. Simple moving averages remain aligned to the upside, acting as dynamic support and confirming the continuation of the prevailing uptrend.<\/p>\n\n\n\n<p>Momentum indicators reinforce this outlook. The Relative Strength Index (RSI) is working to ease overbought conditions while building fresh momentum, a combination that supports the potential for further upside and a renewed breakout.<\/p>\n\n\n\n<p>As long as daily trading remains above the $59.80 support level, the bullish scenario stays intact, with $61.75 as the next upside target. A sustained break above this level would likely strengthen upward momentum, opening the door toward $62.60.<\/p>\n\n\n\n<p>On the downside, a break below $59.80 would temporarily invalidate the bullish structure and shift bias lower, with scope for a corrective pullback toward $58.70 before any renewed recovery attempts.<\/p>\n\n\n\n<p><strong>Market Warnings:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>High-impact U.S. economic data is due today, particularly the monthly Producer Price Index (PPI) and Retail Sales figures, which may trigger sharp volatility.<\/li>\n\n\n\n<li>Risk levels remain elevated amid ongoing trade and geopolitical tensions, keeping all scenarios on the table.<\/li>\n<\/ul>\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:\u00a059.80<\/strong><\/td><td><strong>R1: 61.75<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a058.65<\/strong><\/td><td><strong>R2: 62.60<\/strong><\/td><\/tr><tr><td><strong>S3: 57.80<\/strong><\/td><td><strong>R3:\u00a063.70<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>U.S. crude oil (WTI) futures successfully met our bullish targets in the previous session, breaking above the key $60.80 level and extending gains to a high of $61.46. Technical Outlook \u2013 4-Hour Chart Price action continues to be supported by a favorable technical backdrop. Simple moving averages remain aligned to the upside, acting as dynamic &hellip;<\/p>\n","protected":false},"author":9,"featured_media":122613,"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-122604","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\/122604","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=122604"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122604\/revisions"}],"predecessor-version":[{"id":122614,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122604\/revisions\/122614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/122613"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=122604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=122604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=122604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}