WTI Crude Oil Technical Analysis

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16Dec

WTI Crude Oil Technical & Fundamental Analysis: Supply Glut Concerns Test Key Support Levels

WTI Crude Oil prices have shown a volatile downward trend over the past three trading days, closing at $56.50 on December 15, down from $57.42 on December 14. The market mood was heavily influenced by recent news highlighting concerns over weakening global energy demand, especially from China, which has heightened fears of an oversupplied market and pushed prices lower. Geopolitical tensions and U.S.-Venezuelan supply disruptions provided some support but were insufficient to reverse the bearish

09Dec

WTI Crude Oil: Dollar Strength Boost Triggers Price Adjustment and Key Technical Levels

Over the past three trading sessions, WTI Crude Oil has experienced notable volatility, with the price closing at $58.86 on December 8th, down roughly 2.3% from the previous day’s $60.23. The strong US dollar and decline in equities have weighed heavily on market sentiment, leading to a pullback after a three-day winning streak. Recent market news highlights the pressure from the dollar’s strength on oil prices. For the average investor, this price correction represents a short-term consol

04Dec

WTI Crude Oil: Navigating Key Resistance Ahead – Trading Outlook and Technical Patterns

WTI Crude Oil has traded within a volatile range of $58 to $59 over the past three days, closing at $59.01 today, slightly up from yesterday’s $58.64. The market momentum is influenced by a weakening dollar and persistent geopolitical risks, particularly the uncertain Russia-Ukraine peace talks. Meanwhile, the unexpected drawdown in US crude inventories has bolstered demand confidence. These intertwined factors have shaped this week’s market sentiment for WTI crude, urging investors

02Dec

WTI Crude Oil: Triangular Breakout Signals Strong Uptrend Ahead

WTI Crude Oil exhibited notable volatility over the past three trading days, rising from $58.55 on November 28 to $59.19 on December 2, displaying a steady upward movement. The price surge was fueled by intensified geopolitical tensions including Ukrainian drone strikes on Russian energy facilities and US-Venezuela political strain, heightening supply risk concerns. Market news highlights persistent geopolitical risks driving oil prices higher, presenting both opportunities and challenges for tr

26Apr

WTI Crude Oil Futures Swing and Rebound Sharply in a V-Shaped Recovery – Weekly Market Analysis

West Texas Intermediate (WTI) crude oil futures saw notable volatility last week, slipping about 1.85% amid geopolitical tensions, OPEC+ production debates, and mixed demand data. Investors are now closely watching U.S. rig counts and China’s industrial profit figures, with oil prices likely to face fresh short-term swings.

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The UAE Just Rage-Quit OPEC, and the Oil Market Barely Flinched
29Apr

The UAE Just Rage-Quit OPEC, and the Oil Market Barely Flinched

The UAE’s exit from OPEC is being sold as a supply earthquake. The market treated it more like a coworker’s farewell email—acknowledged, then immediately forgotten. Here’s why the real story is weirder, scarier, and funnier than the headline.

The World’s Most Expensive Traffic Jam: How One Narrow Strait Broke Everything From Your Gas Tank to Your GPU
03Apr

The World’s Most Expensive Traffic Jam: How One Narrow Strait Broke Everything From Your Gas Tank to Your GPU

Iran closed the Strait of Hormuz and oil doubled. But the real story isn’t crude—it’s the helium you’ve never thought about that’s about to make your next laptop cost more than your car payment.

The Fed Said ‘Patience.’ The Market Heard ‘You’re On Your Own, Buddy.’
21Mar

The Fed Said ‘Patience.’ The Market Heard ‘You’re On Your Own, Buddy.’

The March FOMC meeting was the monetary policy equivalent of your therapist saying ‘we need to talk’—except the therapist controls your mortgage rate, your stock portfolio, and the price of eggs.

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Risk Warning​

*Investment involves risk. You may use the information, strategies and trading signals on this website for academic and reference purposes at your own discretion. 1uptick cannot and does not guarantee that any current or future buy or sell comments and messages posted on this website/app will be profitable. Past performance is not necessarily indicative of future performance. It is impossible for 1uptick to make such guarantees and users should not make such assumptions. Readers should seek independent professional advice before executing a transaction. 1uptick will not solicit any subscribers or visitors to execute any transactions, and you are responsible for all executed transactions.

© 1uptick Analytics all rights reserved.