empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

12.01.202605:46 Forex Analysis & Reviews: Trading Signals for CRUDE OIL (CL) for January 12-15, 2026: sell below $59.35 (21 SMA - 2/8 Murray)

Relevance up to 22:00 2026-01-25 UTC--5

Exchange Rates 12.01.2026 analysis

The WTI price is trading around $58.64 per barrel, retreating after encountering strong resistance near the psychological level of $60.00, which coincided with the 2/8 Murray level at $59.37, representing strong resistance.

Last week, crude oil attempted to break through the $59.60 zone but encountered strong resistance. Today, we are also seeing a second attempt, which could be forming a double top pattern.

A decline is likely to occur in the coming days towards the 200 EMA located at $57.96 and could eventually reach the 21 SMA at $57.41 only if the price falls below the double top pattern.

The formation of a technical pattern around $59.40 could confirm a strong bearish sequence for crude oil in the coming days, which is expected to reach the 0/8 Murray at $56.25.

A consolidation above $59.37 could change the bearish scenario, and WTI is expected to reach the psychological level of $60.00 and even the 3/8 Murray around $62.25.

The Eagle indicator is showing negative signals, so if a pullback occurs in the coming hours towards the 2/8 Murray, it will be seen as a signal to open short positions with targets at $56.25.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.