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Reading: Crude oil: Sell near 64.00, target 62.00-61.00 for NYMEX:CL1! by Financialfreedom11
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Market Analysis

Crude oil: Sell near 64.00, target 62.00-61.00 for NYMEX:CL1! by Financialfreedom11

Last updated: August 25, 2025 10:50 am
Published: 8 months ago
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Crude Oil Market Analysis:

Crude oil has been weak recently, trending downward. Despite a small weekly close last week, we remain bearish on crude oil. Sell on any rebound. Crude oil is currently trending downward, with the previous resistance level near 65 being a significant resistance level. We remain bearish until this level is broken. Consider selling if it rebounds to around 64.00 today.

Fundamental Analysis:

Today is a UK holiday, which has some impact on the European session. There are no major data or fundamentals to consider this week, with the market primarily focused on regular data.

Trading Recommendations:

Crude oil: Sell near 64.00, target 62.00-61.00

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