WTI crude oil stays on the front foot around $74.10 as it prints a two-day uptrend after posting a Doji candlestick nearly the yearly low on Friday.
In addition to the trend reversal suggesting candlestick formation on the Daily chart, the nearly oversold RSI conditions also triggered the black gold’s latest recovery.
The upside momentum gained acceptance after the bulls cross a one-week-old descending trend line and the 50-HMA.
However, the downward-sloping support line from the last Wednesday and the RSI (14), which is near the overbought territory, challenges the WTI crude oil’s immediate upside near $74.55.
In a case where the quote crosses the $74.55 hurdle, the 200-HMA level near $76.20 could challenge the commodity buyers.
Should the energy benchmark remains firmer past $76.20, the odds of witnessing a run-up toward $78.00 and then to the $80.00 round figure can’t be ruled out. Though, a monthly high of $83.30 will be a tough nut to crack for the WTI bulls afterward.
On the contrary, a convergence of the 50-HMA and the previous resistance line, around $72.30 by the press time, puts a floor under the quote.
Following that, a slump towards refreshing the yearly low, currently around $70.30, appears imminent. In that case, the $70.00 psychological magnet may gain major attention.

Trend: Limited recovery 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.