Thu, 15 Jan 2026 10:15:06 GMT
Oil Technical analysis
On the 1-hour chart, price has sharply reversed from multi-month highs near $62.30, falling about 3% to $59.46 after comments from President Trump eased near-term geopolitical fears. The drop below $60 and under the 30, 60 and 90 SMAs signals short-term bearish control, while RSI at 44 shows downside bias without being oversold. Support lies at $59.00–$58.45, with resistance at