Crude oil prices maintained their gains in the latest intraday session, breaking through the $60.50 resistance level, which had been identified as a target in our previous analysis. This positive performance is supported by bullish signals from relative strength indicators, reinforcing the strength of the ongoing momentum.
The price is also benefiting from continued dynamic support above the EMA50, highlighting the stability and dominance of the short-term bullish trend. Trading along a supportive trendline further favors the continuation of the upward move in the near term.
As a result, crude oil is expected to rise in the upcoming intraday sessions, provided it holds above $60.50, with a target at the $62.00 key resistance. The bullish scenario remains valid as long as support holds at $59.45.
Expected trading range: $59.45 support – $62.00 resistance
Today’s forecast: Bullish
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Full VIP signals performance report for September 22–26, 2025:
