Crude Oil Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Light Sweet Crude Oil is currently consolidating near $89.62 within a descending channel, pressured directly below its downward-sloping 20 SMA ($90.37). The asset is testing a multi-touch horizontal support shelf at $89.50–$89.00, where repeated lower wicks reflect defending buyers, with the channel base at $88.50–$88.00 acting as the line in the sand against an extended breakdown toward $86.00. A bullish breakout requires a clean push through the 20 SMA to challenge the upper descending trendline around $92.80–$93.20, whereas losing the $88.50 shelf confirms continued downward continuation



Back to articles

Actual Topics

Wed, 07 Oct 2026 14:54:10 GMT

EUR/USD Technical Analysis

The steep descent from the late August peak near 1.1700 has driven EUR/USD down toward the lower boundary of a well-defined descending channel, setting the stage for a potential counter-trend reversal or relief rally. The current test of the 1.1165 low places price directly above a major multi-month support shelf situated around 1.1120 – 1.1150. Because price action is now

Fri, 02 Oct 2026 11:13:08 GMT

EUR/USD Technical Analysis

The daily chart for EUR/USD indicates a transition from an extended multi-quarter distribution into a macro bearish breakdown, characterized by a series of lower highs and an immediate test of the critical structural shelf at $1.1230–$1.1250. Downward momentum remains dominant with price trading well below the falling 20-day SMA, though small-range indecision candles at the current support shelf signal temporary

Thu, 01 Oct 2026 06:26:38 GMT

Crude Oil Technical Analysis

LIGHT.CMD/USD is currently compressing directly on a critical multi-month pivot at $89.00 – $90.00 after an aggressive rejection from the $101.50 – $104.00 supply zone. The recent multi-session consolidation between $88.80 and $93.00 sets up an impending breakout move: a daily close holding above $89.00 and clearing $93.50 confirms a bullish defense targeted back toward $101.50 – $104.00, whereas a

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.