[Crude Oil] – [Monday, September 22, 2025]
Although the RSI is in the Neutral-Bullish area, but with both EMAs crossing in a Death Cross configuration, #CL is likely to weaken in the near term down to its closest support level.
Key Levels
1. Resistance. 2 : 64.04
2. Resistance. 1 : 63.35
3. Pivot : 62.98
4. Support. 1 : 62.29
5. Support. 2 : 61.92
Tactical Scenario
Pressure Zone: If price breaks down below 62.98, it has the potential to move towards 62.29.
Momentum Extension Bias: If 62.29 is breached and closed below, it is likely to continue down to 61.92.
Invalidation Level / Bias Revision
The downside bias is contained if the price strengthens and breaks out to close above 64.04.
Technical Summary
EMA(50) : 63.09
EMA(200): 63.45
RSI(14) : 57.67
Economic News Release Schedule:
Today, there are no economic data releases from the United States session.