FX.co ★ Intraday Technical Analysis of Crude Oil Price Movement. Tuesday, February 24, 2026

[Crude Oil]

With all technical conditions supporting its strength, then Crude Oil has the potential today to strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 68.15

2. Resistance. 1 : 67.22

3. Pivot : 66.33

4. Support. 1 : 65.40

5. Support. 2 : 64.51

Tactical Scenario

Positive Reaction Zone: If the price holds at 66.33, there is a chance #CL will rise toward 67.22.

Momentum Extension Bias: If 67.22 is broken to the upside, #CL could continue its advance to 68.15.

Invalidation Level / Bias Revision

The upside bias weakens if #CL falls and closes below 64.51.

Technical Summary

EMA(50) : 66.31

EMA(200): 65.54

RSI(14) : 57.43

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Weekly Employment Change - Tentative

US - HPI m/m -21:00 WIB

US - S&P/CS Composite-20 HPI y/y - 21:00 WIB

US - CB Consumer Confidence - 22:00 WIB

US - Richmond Manufacturing Index - 22:00 WIB

US - Final Wholesale Inventories m/m - 22:00 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB