Watch Crude Oil as Bears Eye $68.3 Breakdown

FxNews—Crude Oil is in a bear market, below the 50- and 100-period simple moving averages. The prices have been moving sideways between $69.7 (immediate resistance) and $68.3 (immediate support).

Watch Crude Oil as Bears Eye $68.3 Breakdown
Watch Crude Oil as Bears Eye $68.3 Breakdown

From a technical perspective, the Crude Oil downtrend will likely resume if bears (sellers) close below $68.3. In this scenario, the next bearish target could be $67.6, followed by $66.8.

On the other hand, a new bullish trend could emerge if Crude Oil prices exceed $69.7. If this scenario unfolds, the current uptick could extend to $71.5.

Latest Posts

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Gold Exceeded $2665: Now Overbought!

Gold exceeded $2665 resistance. However, robust buying pressure made...

Bullish Symmetrical Triangle Signals NATGAS Breakout

NATGAS trades sideways in a low-momentum market inside the...

Crude Oil Holds at $72.8 After Initial Price Dip

Crude Oil price dipped from $75.24, testing the %50.0...

Gold Stays Below $2665 Ahead of US Economic Data

On Monday, the price of gold remained below $2,665...

US Gasoline Futures Hit $2.07 Amid Oil Surge Amid Oil Surge

Gasoline futures in the US have climbed past $2.03...

NATGAS Dips 14% Amid Low Storage Draws

Natural gas prices in the U.S. fell sharply by...

WTI Crude Slips From $74 as Dollar Strengthens

Crude oil prices for West Texas Intermediate (WTI) dipped...

NATGAS is Hit $4 As the Year Ends

NATGAS hit $4.0, trading in a robust uptrend. The...