During Monday’s Asian trading session, NYMEX West Texas Intermediate (WTI) crude oil futures rose 1.7%, trading around $59.30 per barrel. Oil prices opened strongly as OPEC+ agreed to halt production increases starting from Q1 2026, providing solid buying support at the open.
On the 1-hour chart, crude oil is showing high-level consolidation, with prices repeatedly oscillating around the moving average system, indicating a short-term neutral, range-bound objective trend.
However, from a subjective trend perspective, the bias remains to the upside. The MACD fast and slow lines have pulled back toward the zero axis and are about to form a bullish crossover, suggesting that bullish momentum is building.
There is a high probability that crude oil will break to new intraday highs today.
Intraday Trading Plan:
Buy near: $59.00
Take Profit 1: $60.00
Take Profit 2: $60.50
Stop-loss: Adjust based on individual risk tolerance
On the 1-hour chart, crude oil is showing high-level consolidation, with prices repeatedly oscillating around the moving average system, indicating a short-term neutral, range-bound objective trend.
However, from a subjective trend perspective, the bias remains to the upside. The MACD fast and slow lines have pulled back toward the zero axis and are about to form a bullish crossover, suggesting that bullish momentum is building.
There is a high probability that crude oil will break to new intraday highs today.
Intraday Trading Plan:
Buy near: $59.00
Take Profit 1: $60.00
Take Profit 2: $60.50
Stop-loss: Adjust based on individual risk tolerance
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
👉t.me/Ronnie_Signal_sharing
👉t.me/Ronnie_Signal_sharing
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I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
👉t.me/Ronnie_Signal_sharing
👉t.me/Ronnie_Signal_sharing
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。