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Crude Oil Price Outlook – Crude Looks Sideways at the Moment
Published: Sep 15, 2025, 14:31 GMT+00:00
The crude oil market continues to see a lot of sideways action, as we are waiting for the Federal Reserve announcement on Thursday, and perhaps more importantly, waiting for that all-important press conference.
WTI/CL Technical Analysis
The light sweet crude oil market has gone back and forth a little bit during the trading session here on Monday in the early hours, as we remain in a fairly tight range. The $62 level underneath is significant support and the $65 level above is significant resistance. Keep in mind that the 50 day EMA sitting right around the $64.33 level will continue to offer a bit of a barrier as well. Ultimately, this is a market that I think you need to pay close attention to these levels, and we’ll see how this plays out.
But right now, I think oil is trying to find its basing pattern, its range, if you will, for the time of year. After all, there are a lot of concerns about global growth. So, I think that and the oversupply coming out of OPEC, Russia and the United States keeps markets suppressed a bit, but there is a certain level where drilling for oil no longer becomes sensible to do. So obviously, we can’t get crushed. More things lead me in the direction in this market of thinking sideways than anything else.
Brent Technical Analysis
Brent markets look very much sideways as well, with the $65 level offering significant support and the $69 level offering significant resistance. We are basically in the middle of the range and at this point, topped by the fact that we have the 50 day EMA right here. I think this is a market that you’re looking for short term back and forth trading, which has been the way this market has traded pretty much most of the year, with the exception of a couple erratic moves. So, at this point, I think we’ve got back and forth grinding choppy short term scalping type of environment.
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About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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