Crude Oil Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Crude oil shows currently pivoting at 92.87, positioned precariously between two major technical indicators that define the current market sentiment. In a bullish outlook, the market relies on the red 100-period SMA near 91.80 to hold as a firm floor, potentially launching the price toward a breakout above the 95.00 level. This move would likely target the previous swing high at 99.00 or even the 102.00 psychological resistance, especially if the current diplomatic efforts in the Middle East fail to normalize shipping through the Strait of Hormuz.



Conversely, a bearish scenario unfolds if the price yields to recent selling pressure and closes decisively below the 91.80 support mark. Such a breakdown would signal that the war premium is deflating, likely triggering a slide toward the 87.00 mini-support or the more significant structural floor at 85.00. Between these paths, a sideways or neutral scenario remains highly probable, where the price continues to fluctuate within a 90.00 to 96.00 range.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.