This Crude Oil analysis reviews the commodity from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
Crude Oil Analysis & Live Chart
Crude Oil Fundamental Analysis
Bloomberg—WTI crude oil futures rose to nearly \$74 per barrel on Monday, marking a second straight day of gains. The increase comes as Israel and Iran ramp up attacks against each other, raising concerns about possible disruptions to Middle East oil supplies.
Over the weekend, Israel targeted Iran’s South Pars gas field, shutting down a production platform. This followed earlier strikes on Iranian nuclear and military sites.
Although Iranian oil exports haven’t been affected yet, traders fear Tehran could block shipments through the Strait of Hormuz, a key route for global oil. On Friday, oil prices jumped 7% by the close and spiked over 13% during the day — the highest since January.
Meanwhile, trade tensions added uncertainty. President Trump announced plans to set new tariff rates for trading partners soon, but details about a US-China trade deal remain unclear.
Crude Oil Technical Analysis
FenzoFx—The oil price resumed its bullish trajectory as expected. However, the uptrend accelerated after geopolitical tensions increased in the Middle East. The uptrend eased at $77.72, approximately $3.00 lower than the 2025 all-time high.
Considering the technical indicators, we notice the RSI 14 hovers in the overbought territory, meaning the market is saturated with buying pressure. The volume indicator also shows an accumulation around $73.7, and based on the current high price, this could be selling orders.
The primary trend is bullish; however, we suggest waiting for consolidation. In this scenario, the price is expected to fill the gaps and fall toward the $64.00 and $66.00 demand zones.
Monitoring these levels for bullish signals such as candlestick patterns, inverted FVG, and bullish FVG is recommended to join the bull market and target the 2025 high at approximately $80.59.
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