empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

20.05.202617:56 Forex Analysis & Reviews: Trading Signals for CRUDE OIL (USD/OIL) on May 20-22, 2026: sell below 103.00 (21 SMA - 8/8 Murray)

Relevancia 11:00 UTC--4

Exchange Rates 20.05.2026 analysis

Crude oil is currently trading around $101.69, consolidating above the psychological level but showing signs of exhaustion as it is technically reaching resistance levels.

If in the coming hours crude oil approaches the upper band of the downtrend channel formed since early March around 103.80, this could be considered an opportunity to take short positions. Besides, we can go short from current price levels with medium-term targets around the 200 EMA at $78.36.

We could expect crude oil to consolidate above the psychological level of $100 over the next few days and below the downtrend channel. A range could form between $103.80 and $104, which could present an opportunity for both buying and selling.

With a decisive break above the downtrend channel and consolidation above $104.00 per barrel, a bullish scenario could be expected. Thus, crude oil could reach the March 3 high around $112.50.

A drop below the 21 SMA at $98.36 and consolidation below this level could signal a bearish scenario. We could view this price movement as a sell signal, with targets at the 7/8 Murray line around $87.50 and ultimately at the lower band of the downtrend channel around $78.36.

The daily chart suggests that crude oil could be fluctuating between $103 and $78. However, we should pay attention to the Eagle indicator, as it is showing a positive signal, and only a break above this channel could change the outlook for crude oil.

*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
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.