WTI crude oil prices stand on slippery ground near $84.20, refreshing intraday low heading into Monday’s European session.
The black gold’s latest weakness could be linked to a bearish signal flashed by the 50-HMA and the 200-HMA cross, as well as the downside break of a one-week-old ascending trend line.
Given the bearish MACD signals supporting the aforementioned signals to the south, the quote is likely to refresh the monthly low, also the lowest since February, while challenging the $81.00 threshold.
Following that, the $80.00 round figure could act as the last defense of the bears before highlighting the July 2021 peak near $76.40.
Meanwhile, recovery moves need to stay beyond the 200-HMA hurdle surrounding $85.60, a break of which could quickly propel the quote towards the previous weekly top surrounding $89.65.
Also acting as an upside filter is the $90.00 psychological magnet as well as the 61.8% Fibonacci retracement of the August 30 to September 08 downturn, around $91.10.
Overall, crude oil prices are on the way to refreshing the multi-month low marked on September 08.

Trend: Further weakness expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.