27 Oct 2025
🛢 WTI Crude Oil (USOIL) Price Forecast – Technical Outlook
WTI Crude Oil (USOIL) is consolidating around $61.87 after breaking out of a descending channel that contained prices through most of October. The move above the 50-EMA ($59.72) and 200-EMA ($61.13) signals improving short-term momentum, with buyers defending the breakout area as new support.
The RSI near 70 suggests the rally may pause before resuming, as markets digest the strong rebound from $56.36.
⚙️ Key Levels
Resistance: $64.05 / $66.44
Support: $61.00 / $59.00
💡 Outlook Summary
If prices hold above $61.00, the next upside targets are $64.05 and $66.44. A close below $59.00 could weaken the structure, hinting at a return to mid-October lows. Overall, WTI shows early signs of a potential bullish trend shift, signaling opportunities for careful accumulation.
📊 Bias: Neutral-to-Bullish above $61.00 | Bearish below $59.00
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