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OIL – Technical Analysis – 4h

November 24, 2025 17:00

Quick Summary

The Crude Oil Futures chart is showing signs of potential bullish reversal with recent movements. The asset has experienced fluctuations with a recent increase in green candlesticks. This analysis will delve into different aspects to provide a comprehensive view of the market conditions.

Candlestick Analysis

The chart shows a potential bullish reversal pattern at the end with a series of smaller red candles transitioning to a stronger green candle.

This could indicate a shift in momentum towards the upside.

A breakout above the $58.50 level, where the price is currently, would be significant.

MACD Analysis

The MACD line appears to be converging towards the Signal line, indicating a potential bullish crossover.

The histogram is showing diminishing negative bars, hinting at reducing bearish momentum.

No clear divergences noted at this time between the MACD and price action.

Volume Analysis

There is a noticeable increase in volume coinciding with the recent green candlestick, which supports the potential bullish reversal.

Higher volume on the green candle suggests that the price increase is supported by stronger buying interest.

The recent volume spike could suggest institutional buying interest at this level.

Support & Resistance

Support is established around $57.50, where recent price action has shown a bounce.

Resistance is around $59.00. Breaking this level could trigger further buying.

A key level to watch is around $59.00.

Actionable Insights

Consider a cautious buy if the price breaks and holds above the $59.00 resistance, supported by volume.

Watch for confirmation signals like sustained price movement above $59.00.

Be aware of potential resistance rejections at $59.00.

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