WTI Oil outlook: WTI extends recovery on supply worries, peace talks pessimism

Slobodan Drvenica Windsor Brokers

WTI oil extends recovery into fourth consecutive day, with fresh acceleration on Monday, being sparked by renewed supply concerns after Ukraine attacked Russian oil installations.

Escalation of geopolitical situation and discouraging signals from the peace talks are currently the key drivers of oil price, although rally might be facing headwinds from lower demand if tensions rise further.

Technical picture is improving following formation of bullish engulfing pattern on weekly chart, as well as break of 100DMA ($64.24), as recovery approaches next pivotal barrier at $64.90 (Fibo 38.2% of $70.50/$61.44).

Firm break here would provide fresh impetus to renewed bulls and open way for further recovery but overbought stochastic on daily chart and north-heading 14-d momentum being still below the centreline, warning of potential recovery stall.

Repeated close above broken Fibo 23.6% ($63.58) is minimum requirement to keep fresh bulls in play, with sustained break above $64.90 to expose $65.97 (50% retracement / daily Kijun-sen) violation of which to further strengthen near-term structure.

Daily cloud twist on Friday, could be also magnetic.

Res: 64.90; 65.12; 65.97; 66.50

Sup: 64.00; 63.58; 63.07; 62.51

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

EUR/USD holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties.

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty.

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.