Crude Oil (WTI) (M5) Intraday: break of a ST rising trendline support.

Limited Decrease
l
2025-04-25 12:03Source:TC

Pivot: 62.80

Our preference: short positions below 62.80 with targets at 61.55 & 61.00 in extension.

Alternative scenario: above 62.80 look for further upside with 63.30 & 63.60 as targets.

Comment: the break below the support at 62.80 triggered a bearish acceleration to the support at 61.55.

Supports and resistances:

63.60

63.30

62.80

62.36 Last

61.55

61.00

60.35

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 04-25-2025 at 12:03 UTC+1

Price reference: 62.36 last known on 04-25-2025 at 12:03 UTC+1

Investment horizon: INTRADAY

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