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Oil News: Crude Oil Slips on Iran Deal Hopes, Futures Signal Volatility
FX Empire· 2026-03-25 05:59
The first major downside target is the 50-day moving average at $71.87, which is trading on the strong side of the 200-day moving average at $63.51. The short-term moving average crossed to the bullish side of the long-term moving average on March 2, perhaps launching the start of the rally to $113.41. The spread between the 50-day MA and the 200-day MA is currently at +8.36.Although we could see some short-term weakness and volatility, it’s going to be a while before the 50-day MA crosses to the bearish si ...