WTI crude oil clings to mild gains around $74.30, up 0.33% intraday heading into Tuesday’s European session, as it rebounds from the 10-DMA support to print the first daily gain in three.
Apart from the 10-DMA support, the bullish MACD signals also underpin the upside bias surrounding the Oil price.
However, the support-turned-resistance line stretched from late June, around $74.40 by the press time, guards the immediate upside of the black gold price.
Following that, the $75.00 and the $76.00 round figures may entertain the buyers of the energy benchmark before highlighting the 200-DMA hurdle of $76.85. Also acting as an upside filter is the monthly high of near $77.20.
It’s worth noting that the late April swing high of near $79.20 and the $80.00 threshold will also challenge the Oil buyers before giving them control.
Alternatively, a daily closing beyond the 10-DMA support of around $74.10 will need validation from the $74.00 psychological mark and the 100-DMA, near $73.50 at the latest.
In a case where the WTI bears keep the reins past $73.50, June’s high of near $72.70 and the $70.00 will be in the spotlight.
To sum up, the WTI crude oil is likely to remain firmer but the road toward the north is bumpier than the south.

Trend: Limited upside 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.