Crude Oil Technical Analysis

🔺 Technical Setup

📊 Technical Summary

Crude Oil closed at 103.69 (+7.37%). The chart remains in a constructive trend regime, with price holding above both the 50-day and 200-day moving averages. 20-day momentum is positive at +5.05%, with price is trading in the upper part of its roughly 52-week range (55.27–112.95), while ATR14 volatility is elevated at roughly 8.52% of price. RSI(14) is 57.8, leaving momentum in a fairly neutral range. RSI has been trending higher in recent sessions, indicating improving momentum conditions. MACD remains below its signal line, which shows that momentum confirmation is still limited. The MACD histogram remains negative, suggesting momentum is still on the softer side. Recent trading volume is running below its typical 20-day average, which suggests participation remains relatively muted. Initial downside support sits near 86.50. Holding that area would help preserve the current chart structure. The interactive view adds overlays, pattern context and broader chart structure for deeper review.

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