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Crude Oil Price Outlook – Crude Oil Continues to Look Sluggish
Published: Oct 7, 2025, 14:00 GMT+00:00
The oil markets continue to look a bit sluggish at the moment, as we are trying to get back into a larger consolidation area. However, there are serious questions about the supply and demand part of the market, as nations continue to pump massive quantities.
WTI/CL Technical Analysis
The light sweet crude oil market has shown itself to be fairly noisy during the trading session here on Tuesday in pre-market trading, but ultimately, I think you need to keep an eye on the fact that every time we rally, we do tend to see a bit of selling pressure. If we can break above the $62 level, then it’s possible that we could go looking to the 50-day EMA, but a break above there opens up the possibility of $65 being targeted.
Ultimately, this is a market that I think short-term rallies are probably to be faded as demand for crude oil is a major concern at the moment. And of course, we have to pay close attention to the idea of whether or not the global economy is slowing down, because that certainly will only exacerbate that situation as Russia, OPEC, and the United States pump out massive amounts of crude oil at the moment.
Brent Technical Analysis
Brent markets look very much the same, as we are just bouncing around the $65 level. The $65 level is an area that I think a lot of people will be paying close attention to, as it is a large round, psychologically significant figure, but it’s also an area that has previously been important multiple times as both support and resistance. Again, I think this is a situation where if we do rally, it’s likely that we see signs of exhaustion that are sellable, if you will, at least until we get above the $69 level. The $69 level is certainly going to be an area that I think a lot of people will be watching for a potential ceiling.
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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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