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Crude Oil Price Outlook – Crude Oil Drops Early on Tuesday
Published: Oct 28, 2025, 14:16 GMT+00:00
The crude oil market has fallen again in the early hours of Tuesday, as we continue to see a lot of volatility out there. With this, the oil market sees a lot of selling pressure after the knee-jerk reaction to the Russian sanctions.
WTI/CL Technical Analysis
The light sweet crude oil market has fallen a bit during the trading session here on Tuesday, as the 50-day EMA has offered a significant amount of resistance. At this point, there are a couple of levels that we need to pay attention to, in the form of $55 being the floor and $62 level being a potential ceiling.
Obviously, the $60 level, which we did test during the day as a large, round, psychologically significant figure, and makes a little bit of sense that we might see a bit of a bounce. So, all things being equal, this looks like a market that is simply rolling over. There are a lot of out there with the idea that the demand for crude oil could drop right along with economic growth. So that and the oversupply of crude oil continue to be a major issue here.
Brent Technical Analysis
The Brent market, of course, has fallen a bit as well, as we are below the $65 level. And the 50-day EMA is an indicator that I think a lot of people are watching for potential resistance. If the market were to fall from here, the $62.50 level is at the bottom of the gap. And I think ultimately this is a market that is going to roll over as well. The $60 level is a major support level. And I think that might be your floor in the market. I don’t necessarily think we’re going to break down below there, but I do think that we are going to test this area. Short-term rallies are possible, but right now it looks like a very soft market.
For a look at all of today’s economic events, check out our economic calendar.
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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