empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

16.07.202606:40 Forex Analysis & Reviews: Trading Signals for Crude Oil (CL) on July 16-18, 2026: buy above $77.50 (21 SMA - 5/8 Murray)

Rilevanza fino a 00:00 2026-07-30 UTC--4

Exchange Rates 16.07.2026 analysis

Oil is trading around $79.02, showing an upward trend since the opening of this week's session, which is generating good returns. However, on the H4 chart, we can see signs of exhaustion, and it is likely to bounce at $77.90, after which the instrument could resume its uptrend until the price reaches the upper band of the bullish channel, around $82.

USD/OIL reached the psychological level of $80 and has left a gap around $71.38. Therefore, we believe that if it falls below the 200 EMA—around $77.80—in the coming days, the outlook could turn negative, and we could expect it to reach the 4/8 Murray level and, ultimately, the 3/8 Murray level, around $68.75.

As long as the price of crude oil consolidates above $77.50, we could continue to look for buying opportunities with targets at $80, the Murray 5/8 level—around $81.25—and, finally, around the upper band of the uptrend channel at $82.05.

The Eagle indicator is showing a buy signal, so we must be cautious, as a strong upward move could be followed by a sharp technical correction. We could look for opportunities to open short positions below the 5/8 Murray level or below the 200 EMA, with targets at the close of the gap and, finally, at the 3/8 Murray level.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.