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Crude Oil Price Outlook – Crude Oil Jumps to Open Wednesday Session
Published: Oct 22, 2025, 15:06 GMT+00:00
The crude oil market continues to see a lot of volatility, as the markets are trying to sort out whether or not there is enough oil demand out there, considering just how much supply is in the market at the moment.
WTI/CL Technical Analysis
The light sweet crude oil market jumped significantly during the pre-market trading session on Wednesday. I think at this point, we will probably continue to see a lot of buyers in this market for short-term moves, but longer term, I think you have a major problem in the form of the $60 level. And it is worth noting that crude oil is very technically sensitive to support and resistance and indicators. It does tend to move in $10 increments.
And of course, the $60 level will feature a lot of those things, all coming together as it was not only a large, round, psychologically significant figure, but it’s also an area where we have seen quite a bit of support and resistance previously. In other words, I think this is a situation where we jump, but probably see some exhaustion above that we can start shorting. In the meantime, though, I think we continue to see a little bit of short-term positivity at best.
Brent Technical Analysis
The Brent market has bounced from the $60 level quite nicely, and I think you’ve got a scenario where you have to look at this through the prism of a market that you’re fading rallies as well. This market could jump all the way to the $65 level only to fail in that area. With this being the case, I like the idea of looking for long wicks on the top of a daily candlestick to start trading. If we were to break above the 50-day EMA, then that would change quite a few things, but with oversupply out there and concerns about global demand, I think we still have an uphill climb to try to turn things around.
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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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