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OIL Commodities 4h

Bullish

OIL – Technical Analysis – 4h

October 21, 2025 16:01

Quick Summary

The chart for Asset reveals a recent downtrend that seems to be stabilizing near current levels. A notable pattern is the emergence of a strong green candlestick, suggesting a potential bullish reversal. Breakout through a previous resistance indicates a bullish sentiment in the market.

The direction is favorably leaning towards bullish, supported by key technical indicators.

Candlestick Analysis

The chart shows a recent downtrend, but there is potential stabilization with a sideways trend near the current level.

The last few candlesticks indicate a strong green candlestick, possibly signifying a bullish reversal or a relief rally.

The price recently broke through a previous resistance level around $57. The next resistance appears near $58, with support around $56.

MACD Analysis

The MACD line is approaching a bullish crossover above the Signal line, suggesting a potential upward momentum.

The histogram is moving from negative towards zero, indicating diminishing bearish momentum and potential for a bullish shift.

There are no significant divergences visible between the MACD and price action currently.

Volume Analysis

There is a noticeable increase in volume on the recent upward move, which lends support to the bullish candlesticks and suggests buying interest.

The volume spikes indicate possible institutional buying, especially given the increase with a green candlestick.

Support & Resistance

Key support is around $56, where the price rebounded from recent lows.

Resistance is around $58, a level that has been tested previously.

Actionable Insights

A breakout above $58 with sustained volume could present a buying opportunity, targeting higher resistance levels.

Consider exiting long positions if the price fails to hold support at $56.

Current holdings could be maintained with a close eye on the potential breakout or rejection at resistance.

The AI Technical Analysis Center is an informational tool only and does not constitute investment or trading advice.

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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024

Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles

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Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.

Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.

Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.

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