Thu, 21 Aug 2025 12:35:04 GMT
Crude oil technical analysis
The price has broken out of its bearish channel, a strong bullish signal that's supported by momentum indicators.
The next key test for this new rally is the major resistance at the 100-period moving average around 64.78. If the price can clear that level, the bullish outlook is confirmed. However, a drop back inside the old channel would signal that