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Crude Oil Price Outlook – Oil Continues to Test Resistance
Published: Nov 18, 2025, 14:11 GMT+00:00
Crude and Brent markets attempted a Tuesday recovery after early weakness, with both contracts turning higher from key psychological levels. Significant overhead resistance, lingering geopolitical noise, and congested technical zones continue to limit bullish follow-through.
WTI Crude Oil Technical Analysis
The light sweet crude oil market has shown itself to be very noisy during the trading session on Tuesday, as we initially fell only to turn around and show signs of life again. The $60 level is a large, round, psychologically significant figure that a lot of people will be paying close attention to, as it will attract headlines and is the beginning of significant noise between $60 and $62, which continues to offer a bit of a barrier.
The 50-day EMA sits right in the middle of that, causing additional resistance. Short-term rallies will probably get sold into at the first signs of exhaustion. If we can clear the $62.50 level, then crude oil can truly take off, but until that happens, we have a lot of questions to ask.
Brent Technical Analysis
The Brent market also fell a bit during the early hours on Tuesday, but turned around to show signs of life at the $64 level. The 50-day EMA sits right at the $65 level, so all things being equal, this market will continue to be very noisy, but it also has quite a bit of resistance above. The fact that more sanctions were applied to Russia is already starting to be forgotten, mainly due to the sheer number of sanctions on Russian oil now. And yet they still find a way to get it to market. It is almost as if it is political theater more than anything else. The market has sniffed that out, and after shooting straight up in the air for about 24 hours, it is settling into somewhat of a range with a lot of overhang to the upside.
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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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