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Crude Oil Price Outlook – Crude Rallies but Gives Back Some Gains
Updated: Nov 14, 2025, 15:26 GMT+00:00
Crude oil rallied early Friday but quickly surrendered most gains as the 50-day EMA capped the advance. Persistent overhead resistance worries about global demand, and abundant supply continue to weigh on both WTI and Brent despite brief upside attempts.
Crude Oil Technical Analysis
The light sweet crude oil market has rallied quite significantly during the early hours on Friday, breaking well above the $60 level, but you can see the 50-day EMA has offered a bit of resistance. At this point in time, it looks like the market is giving up about 60% of the gains by the time New York gets online, and that is not a good look. It shows just how much overhead resistance there is and how much pressure there is in general.
Crude oil recently had a massive gap higher due to new sanctions on Russia, but the reality is that sanctions on Russia have not stopped the flow of Russian oil, and they probably will not now. With that being the case and the fact that there are a lot of concerns out there about the global economy slowing down and oversupply of crude oil, it makes sense that we continue to see struggles to rise.
Brent Technical Analysis
The Brent market touched the $65 level as well as the 50-day EMA only to turn around and show signs of weakness as well. This is a market that I believe will continue to have that same dynamic of just selling off anytime somebody tries to get a little too aggressive to the upside. And of course, it has all of the same issues that the light sweet crude oil market has. Over the longer term, I think we will continue to see this market and try to find some type of range to trade in that people will be selling into any opportunity they get. Short-term rallies that show a little bit of exhaustion could be thought of as potential opportunities for short-term traders.
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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