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18.03.202619:02 Forex Analysis & Reviews: Trading Signals for CRUDE OIL (CL) on March 18-21, 2026: buy above $95.50 (21 SMA - 8/8 Murray)

Relevancia 13:00 UTC--4

Exchange Rates 18.03.2026 analysis

Crude oil (WTI) is trading around $96.91, bouncing back after hitting a low of around $91.00. It is likely to continue rising in the coming days and could reach the psychological level of $100; it could even reach $112.50, around the +1/8 Murray level.

Crude oil is consolidating around the 61.8% Fibonacci level, so a technical correction below $100 is realistic, with the price potentially reaching the 7/8 Murray level around $87.50.

A decisive break above the 8/8 Murray level could change the outlook for crude oil, and WTI is expected to reach $105 per barrel and could even reach $112.50 per barrel. If this level is surpassed, it is expected to reach a high of $120.00.

The Eagle indicator is showing negative signals, so crude oil is expected to deal with downward pressure below the psychological $100 level in the coming days.

A drop below $87.00 could favor the bearish scenario, and crude oil is expected to close the gap left around $67.40 on February 27.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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