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Oil News: Crude Futures Threaten 200-Day Moving Average as Sellers Take Control
FX Empire· 2025-09-04 12:34
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
Crude Oil Price Forecast: Rebounds from 50-Day Moving Average Support
FX Empire· 2025-07-24 20:52
Core Viewpoint - The recent bullish reversal in crude oil prices suggests a potential strengthening trend, supported by key technical indicators such as the 50-Day Moving Average (MA) and a double bottom reversal pattern. Group 1: Technical Indicators - The 50-Day MA serves as a crucial trend indicator and has been reclaimed, with recent lows testing this line as support, indicating a possible completion of the support test [1] - A strong support zone is identified around the 50-Day MA, particularly at the price level of $65.32, which aligns with a double bottom reversal pattern and previous swing lows from September 2024 and March [2] - An anchored volume weighted average price (AVWAP) line from the April low also indicates support in the same price area, reinforcing the significance of this support zone [3] Group 2: Resistance Levels - The bullish reversal at the 50-Day MA, along with a two-day bullish reversal, suggests short-term bullish behavior, with a breakout above today's high indicating potential upside continuation [4] - The next key resistance level is identified at the 200-Day MA, currently at $68.48, with the most recent interim swing high at $68.77 also serving as a resistance point [4] - The behavior of crude oil prices around the 200-Day MA will be critical in determining future price movements [4]