Crude Oil Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Crude Oil price is currently demonstrating bullish momentum as it trades at 74.180, well above its SMA of 72.674. Following a brief corrective phase that found strong buying support around the 71.85 level, the asset has rallied back up and is currently consolidating just below immediate structural resistance at 75.025. A successful breakout above this 75.025 ceiling would clear the path for a continuation toward the major resistance target at 76.500, whereas a failure to break through may result in a minor pullback to test the dynamic support of the SMA or the horizontal floor at 71.85.





Overall rise in market volatility this week may amplify market participant consensus.

Actual Topics

Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
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.