WTI Price Analysis: Bulls step back from 50-DMA around monthly top

WTI consolidates the biggest daily gains in three week to ease from one-month high.
Bullish MACD signals, sustained trading beyond 100-DMA favor buyers.
Two-month-old resistance line challenge further upside, bears need validation from $72.80.

Anil Panchal FXStreet

WTI crude oil, also known as US oil, seesaws around monthly high, down 0.15% intraday near $75.55 during Tuesday’s Asian.

In doing so, the black gold eases from the 50-DMA after rising the most since December 06 the previous day.

Even so, firmer MACD signals and a clear upside break of the 100-DMA keep WTI bulls hopeful to overcome the $76.00 immediate hurdle.

Following that, a descending trend line from October 25, around $77.80, will be in focus as it holds the gate for the commodity’s further rally targeting the yearly top marked in November around $85.00.

Meanwhile, pullback moves may aim for the 100-DMA level of $74.00 and horizontal support from mid-September near $72.80.

In a case where oil bears break the $72.80 support, the odds of witnessing further downside towards the $70.00 threshold can’t be ruled out.

WTI: Daily chart

Trend: Further upside expected

additional important levels

Overview
Today last price	75.61
Today Daily Change	-0.06
Today Daily Change %	-0.08%
Today daily open	75.67

Trends
Daily SMA20	70.54
Daily SMA50	76.09
Daily SMA100	73.93
Daily SMA200	70.52

Levels
Previous Daily High	75.84
Previous Daily Low	72.46
Previous Weekly High	73.85
Previous Weekly Low	66.1
Previous Monthly High	83.97
Previous Monthly Low	64.32
Daily Fibonacci 38.2%	74.55
Daily Fibonacci 61.8%	73.75
Daily Pivot Point S1	73.47
Daily Pivot Point S2	71.27
Daily Pivot Point S3	70.08
Daily Pivot Point R1	76.86
Daily Pivot Point R2	78.04
Daily Pivot Point R3	80.24

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD: Cautiously optimistic near 1.1550 ahead of the ECB

EUR/USD extends its weekly recovery for the third day in a row on Wednesday, navigating in a sidelined fashion around 1.1550 on the back of humble losses in the US Dollar. In the meantime, market participants continue to closely follow developments in the Middle East while slowly gearing up for the ECB gathering on Thursday.

GBP/USD recedes from tops, hovers around 1.3400

GBP/USD could not sustain the initial bull run and is now slipping back toward the 1.3400 neighbourhood on Wednesday. Cable’s continuation of the ongoing leg higher follows mild selling pressure on the Greenback, despite steady uncertainty on the geopolitical front and elevated US inflation.

Gold bleeding continues as Middle East crisis escalates, Fed hike coming

Gold is accelerating its downward trends and approaches the area of $4,100 per troy ounce on Wednesday, where the 2026 bottom sits so far. The persistent decline in the precious metal almost exclusively follows the swelling opinion that the Fed will keep a cautious stance in H2, a view that was reinforced following earlier US CPI data.

Ethereum: Network activity remains elevated despite recent declines

Ethereum Active Addresses have maintained a downtrend since declining from peak levels in early February. The 14-day moving average of the metric shows that unique on-chain participation has been contracting MoM since the sharp decline in February.

From sizzle to fizzle: Tech sinks as Oil puts the Fed tail back on the table

Wall Street was not hit by one punch. It was caught between three swinging doors at the same time: a renewed technology unwind, a fresh geopolitical oil bid, and a wave of equity supply that is starting to look less like capital formation and more like a liquidity test for the entire AI complex.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.